– USA, CO – PDC Energy, Inc. (NASDAQ: PDCE) today announced the appointment of Diana Sands to its board of directors, effective on February 18, 2021.
“We are incredibly excited and proud to welcome Diana as a new independent director to the PDC board, and we look forward to Carlos joining the PDC board after our annual meeting. We are eager to benefit from their valuable skills, experience and perspective,” stated Board Chairman, Mark Ellis.
The company also announced the nomination of Carlos Sabater for election at its upcoming 2021 Annual Meeting of Stockholders to be held in May. Following the 2021 Annual Meeting, the board is expected to be composed of eight directors, seven of whom are expected to be independent.
Mark Ellis added: “With these additions, PDC will have refreshed nearly three-quarters of its board over the past five years – a true testament to the value we place on maintaining fresh ideas and diverse viewpoints through continued board refreshment.”
Anthony Crisafio and Randy Nickerson notified the Company that they will not stand for re-election at the 2021 Annual Meeting, and therefore plan to retire from the Board at the end of their current terms.
Mr. Ellis commented, “Over the years, each of Tony and Randy have brought invaluable experience and guidance to PDC. Each has helped to transform PDC and strategically position it for continued success and significant shareholder value creation. I speak for the entire board in thanking them for their dedication, wisdom, and years of service. We wish them all the best.”
About Diana Sands
Ms. Sands brings over 30 years of experience in complex and dynamic environments to PDC, having held senior executive finance and governance positions across multiple industries. Ms. Sands most recently served as Executive Officer and SVP, Office of Internal Governance and Administration at The Boeing Company, a position she retired from in 2020.
About Carlos Sabater
During his extensive career of nearly 40 years at Deloitte Touche Tohmatsu Limited, Mr. Sabater served in various senior leadership and operational roles, including CEO for both the U.S. and global audit practices. Mr. Sabater retired from Deloitte as Senior Global Partner in 2020.
About PDC Energy, Inc.
PDC Energy, Inc. is a domestic independent exploration and production company that acquires, explores, and develops properties for the production of crude oil, natural gas, and NGLs, with operations in the Wattenberg Field in Colorado and Delaware Basin in west Texas. Its operations in the Wattenberg Field are focused on the horizontal Niobrara and Codell plays and our Delaware Basin operations are primarily focused in the horizontal Wolfcamp zones.
For more information: https://www.pdce.com
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