QEP Resources Inc. Appoints Two Independent Directors to Its Board
October 23 2019 - 4:10PM
QEP Resources, Inc. (NYSE:QEP) (QEP or the Company) announced that
it has appointed Joseph N. Jaggers and Barth E. Whitham to its
board of directors, effective October 20, 2019.
These appointments were made in accordance with QEP’s previously
announced cooperation agreement with Elliott Management Corporation
(“Elliott”). The Company and Elliott mutually agreed on the
selection of the two new independent directors, and both Messrs.
Jaggers and Whitham will serve on QEP’s newly formed Operations
Committee which will be chaired by QEP’s President and CEO Tim
Cutt.
“We are pleased to welcome these two new independent directors,
as we continue to refresh our Board makeup to further align with
the company’s new strategic direction,” said QEP Chairman David
Trice. “Joe and Barth have strong operating backgrounds in
unconventional resource development which will benefit QEP’s board
and management team as we focus on continuous operational
improvement and peer-leading levels of capital efficiency.”
With the appointment of these new independent directors, the
Board will consist of ten members.
About the new directors
Joseph N. Jaggers
Mr. Jaggers’ energy industry leadership experience spans more
than three decades. From 2013 to 2018, he was President, Chief
Executive Officer, Chairman and Founder of Jagged Peak Energy in
Denver, Colorado. From 2010 to 2012, he was President, Chief
Executive Officer and Director of privately-held Ute Energy, LLC in
Denver, Colorado. From 2001 to 2010 he held executive leadership
roles with Bill Barrett Corp., Barrett Resources and Williams
Companies in Denver. From 1981 to 2000, Jaggers worked for BP Amoco
where he held a variety of staff and management positions,
culminating in executive responsibility for BP’s Northern North Sea
operation. He is a graduate of the United States Military Academy
at West Point. He currently serves a director and member of the
Audit and Compensation committees for National Fuel Gas Company.
Jaggers is a past President of the Colorado Oil and Gas
Association, Past Executive Director of Independent Producers
Association of the Mountain States, a member of the Society of
Petroleum Engineers and he has been inducted into the Rocky
Mountain Oil and Gas Hall of Fame.
Barth E. Whitham
Mr. Whitham is currently the President and CEO of Enduring
Resources, LLC cofounded in 2004 for the acquisition and
development of energy resources and infrastructure in North
America. He was the co-founding officer of Westport Resources
Corporation and President and COO from 1991 to 2004 through its
merger with Kerr-McGee. Prior to Westport, Whitham worked
extensively in the upstream U.S., international and offshore energy
industry in project planning, development and operations. Whitham
is a graduate of the Colorado School of Mines. He serves on the
Boards of Ensign Energy Services Inc., Intrepid Potash Corp, Jonah
Energy, Children's Hospital Colorado and is a Trustee of Regis
University. Whitham has served on the Board of SPE International,
Western Energy Alliance, CSM Board of Governors and Colorado
Forum.
About QEP Resources, Inc.
QEP Resources, Inc. (NYSE: QEP) is an independent crude oil and
natural gas exploration and production company focused in two
regions of the United States: the Southern Region (primarily in
Texas) and the Northern Region (primarily in North Dakota). For
more information, visit QEP's website at: www.qepres.com.
Contact
William I. Kent, IRCDirector, Investor
Relations303-405-6665
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