Laredo Petroleum Announces Appointment of Lisa Lambert to Board of Directors
August 17 2020 - 8:45AM
Laredo Petroleum, Inc. (NYSE: LPI) ("Laredo" or the "Company")
today announced the appointment of Lisa Lambert to the Company’s
Board of Directors (the "Board"). Her appointment as an independent
director was effective August 13, 2020. Additionally, Peter Kagan
has resigned from the Board, also effective August 13, 2020.
Ms. Lambert’s background in the technology sector, leading
innovation efforts and global investment initiatives, brings a
unique perspective to Laredo’s Board as the Company embarks on a
digital transformation to drive efficiencies and cost savings. She
currently serves as Chief Technology and Innovation Officer at
National Grid and Founder and President of National Grid Partners.
Prior experience includes two years as Managing Partner at The
Westly Group, 19 years at Intel Corporation in various positions,
including Managing Director of both Intel Capital’s Software and
Services Fund and Diversity Fund, and six years at Owens Corning
Corporation.
Ms. Lambert served on the boards of multiple portfolio companies
while at Intel Capital, was on the board of directors of the
National Venture Capital Association for four years and is the
founder, CEO and Chairman of UPWARD, a non-profit global network of
executive women. Her educational background includes a Bachelor of
Science in Management Information Systems from The Pennsylvania
State University and a Master of Business Administration from
Harvard Business School.
"The addition of Lisa to the Board demonstrates our commitment
to employing technology to improve our Company and our willingness
to embrace diverse opinions to drive our transformation," stated
Jason Pigott, President and Chief Executive Officer. "I am excited
to be working with Lisa as we shape the future of the Company."
"I would like to thank Peter for his many years of service to
Laredo," commented Bill Albrecht, Chairman of the Board. "As a
Managing Director at Warbug Pincus, Peter was instrumental in
securing the initial financing for the Company and his counsel and
industry knowledge over the last 14 years have been invaluable. It
has been a privilege to work with him and we wish him all the
best."
About Laredo
Laredo Petroleum, Inc. is an independent energy company with
headquarters in Tulsa, Oklahoma. Laredo's business strategy is
focused on the acquisition, exploration and development of oil and
natural gas properties, primarily in the Permian Basin of West
Texas.
Additional information about Laredo may be found on its website
at www.laredopetro.com.
Contacts:Ron Hagood: (918) 858-5504 -
RHagood@laredopetro.com
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