SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or “the
Company”) announced today the appointments of Jennifer M. Grigsby
and Kathleen McAllister to the SilverBow Board of Directors (the
“Board”) effective immediately. Ms. Grigsby and Ms. McAllister join
the Board as independent directors following a comprehensive search
process, conducted with the assistance of a nationally recognized
search firm, to complement the Board's existing credentials and
qualifications.
Ms. Grigsby, a seasoned executive with experience in accounting,
risk management, corporate governance and finance, primarily in the
oil and gas exploration and production industry, served as the
Secretary of Economic Administration for the State of Oklahoma,
from March 2021 through November 2022. Prior to this role, Ms.
Grigsby served as Executive Vice President and Chief Financial
Officer of Ascent Resources, LLC from 2015 until 2020 and in
various roles at Chesapeake Energy Corporation. She also currently
serves as an independent director for CrossFirst Bankshares, Inc.,
Cetarus Ltd. and CompSource Mutual Insurance Company.
Ms. McAllister is an experienced public company executive and
director with operational and financial expertise at companies in
the energy value chain. She most recently served as President,
Chief Executive Officer and Chief Financial Officer of Transocean
Partners LLC from 2014 through the merger of Transocean Partners
LLC with Transocean Ltd. in 2016. She also currently serves as an
independent director for The Metals Company, Black Hills
Corporation and H�egh LNG Partners LP.
Marcus C. Rowland, Independent Chairman of the Board, commented,
“We are delighted to have Jennifer and Kathleen, two proven leaders
and experienced directors in the oil and gas industry, join the
Board. Each has a long history of enhancing the performance of
major public companies as directors and executives. Their insight,
knowledge and dedication will be valuable to SilverBow’s future
growth and successful development.”
Michael Duginski, Chair of the Board’s Nominating and Strategy
Committee, commented, “We undertook an extensive process of
identifying, vetting, and evaluating director candidates.
Jennifer’s and Kathleen’s track records of board leadership, along
with managing organizations to achieve successful outcomes, will
serve SilverBow and its stakeholders well in the years to
come."
In connection with these appointments, the Board increased its
size from seven to nine directors, eight of whom are independent
directors. Collectively, the directors have broad operational and
financial experience in the oil and gas industry, including health,
safety and environmental affairs, regulatory affairs, environmental
stewardship, risk management, capital markets, mergers and
acquisitions, commodity hedging and accounting.
ABOUT JENNIFER GRIGSBY
Ms. Grigsby has over 30 years of progressive senior management
experience in accounting, treasury, risk management, corporate
governance, and corporate finance, primarily in the oil and gas
exploration and production industry. Most recently, Ms. Grigsby
served as Secretary of Economic Administration for the State of
Oklahoma, from March 2021 through November 2022. In this role, Ms.
Grigsby oversaw more than 20 state agencies including the Oklahoma
Employment Security Commission, the Office of the State Treasurer,
the Oklahoma Tax Commission, the Lottery Commission and the State’s
Pension and Retirement Systems. Prior to this role, Ms. Grigsby
served as Executive Vice President and Chief Financial Officer of
Ascent Resources, LLC, an oil and gas exploration and production
company located in Oklahoma City, Oklahoma, from 2015 until 2020.
Ms. Grigsby previously served as CFO of American Energy – Woodford,
LLC and CEO and CFO of American Energy Minerals, LLC from February
2015 to July 2015. Prior to her roles at American Energy, Ms.
Grigsby spent almost 19 years with Chesapeake Energy Corporation
(NYSE: CHK) and served in various executive roles, including Senior
Vice President, Treasurer and Corporate Secretary and Senior Vice
President – Corporate and Strategic Planning. Ms. Grigsby is also a
principal and co-founder of Amethyst Investments, LLC, a passive
financial investment company in Oklahoma City, Oklahoma. Ms.
Grigsby currently serves on the board of directors and audit
committee of each of CrossFirst Bankshares, Inc. (NASDAQ: CFB) as
well as Cetarus Ltd. and on the board of directors and investment
committee of CompSource Mutual Insurance Company. Ms. Grigsby
serves as immediate past chair of the board of directors of the
YMCA of Greater Oklahoma City and on the board of directors of the
Oklahoma Hall of Fame and the United Way of Central Oklahoma. Ms.
Grigsby holds a BS degree in Accounting from Oklahoma State
University and an MBA from Oklahoma City University. Ms. Grigsby is
a Certified Public Accountant and Chartered Global Management
Accountant and is a member of the Oklahoma Society of Certified
Public Accountants and the American Institute of Certified Public
Accountants. Ms. Grigsby is also National Association of Corporate
Directors (NACD) Directorship CertifiedTM.
ABOUT KATHLEEN MCALLISTER
Ms. McAllister is a seasoned public company executive and
director who has held diverse leadership roles in global,
capital-intensive companies in the energy value chain. Most
recently, Ms. McAllister served as President, Chief Executive
Officer, and Director of Transocean Partners LLC (NYSE: RIGP) from
2014 to 2016 and as Chief Financial Officer in 2016. From 2011 to
2014, Ms. McAllister served as Vice President and Treasurer of
Transocean Ltd. (NYSE and SIX: RIG) and led the initial public
offering of Transocean Partners in 2014 after holding roles of
increasing responsibility in corporate and operations, finance,
treasury, accounting and tax with Transocean Ltd. Ms. McAllister
began her career at Deloitte & Touche LLP and served in various
finance, treasury, accounting and tax roles at Baker Hughes Company
(NASDAQ: BKR), Helix Energy Solutions Group, Inc. (NYSE: HLX) and
Veritas DGC Inc. (NYSE and TSX: VTS) prior to joining Transocean.
Ms. McAllister currently serves as an independent director and
audit committee chair for The Metals Company (NASDAQ: TMC), an
independent director and audit committee member of Black Hills
Corporation (NYSE: BKH), and an independent director, audit
committee member and conflicts committee member of H�egh LNG
Partners LP. (private, formerly NYSE: HMLP). Ms. McAllister serves
on the National Association of Corporate Directors (NACD) Texas
TriCities Chapter Board, for the University of Houston-Clear Lake
College of Business Dean’s Advisory Council and on the Board of Aid
to Victims of Domestic Abuse. Ms. McAllister holds a BS degree in
Accounting from the University of Houston-Clear Lake.
ABOUT SILVERBOW RESOURCES, INC.
SilverBow Resources, Inc. (NYSE: SBOW) is a Houston-based energy
company actively engaged in the exploration, development, and
production of oil and gas in the Eagle Ford Shale and Austin Chalk
in South Texas. With over 30 years of history operating in South
Texas, the Company possesses a significant understanding of
regional reservoirs which it leverages to assemble high quality
drilling inventory while continuously enhancing its operations to
maximize returns on capital invested. For more information, please
visit www.sbow.com. Information on the Company’s website is not
part of this release.
FORWARD-LOOKING STATEMENTS
This release includes “forward-looking statements” within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
These forward-looking statements represent management's
expectations or beliefs concerning future events, and it is
possible that the results described in this release will not be
achieved. These forward-looking statements are based on current
expectations and assumptions and are subject to a number of risks
and uncertainties, many of which are beyond our control. Important
factors that could cause actual results to differ materially from
our expectations include, but are not limited to, risks and
uncertainties discussed in the Company’s reports filed with the
U.S. Securities and Exchange Commission, including in its Annual
Report on Form 10-K for the year ended December 31, 2021, and
subsequent quarterly reports on Form 10-Q and current reports on
Form 8-K. All forward-looking statements speak only as of the date
of this news release. You should not place undue reliance on these
forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20230109005203/en/
Jeff Magids Director of Finance & Investor Relations (281)
874-2700, (888) 991-SBOW
SilverBow Resources (NYSE:SBOW)
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