Houston-based SilverBow Resources Inc. appointed Jennifer M. Gringsby and Kathleen McAllister to the company's board as independent directors effective immediately, a press release announced on Jan. 9.
With the two appointments, SilverBow's board grew to nine directors, eight of whom are independent. The board members collectively possess extensive experience in the health, safety and environmental affairs, regulatory affairs, environmental stewardship, risk management, capital markets, mergers and acquisitions, commodity hedging and accounting aspects of the oil and gas industry.
"We are delighted to have Jennifer and Kathleen, two proven leaders and experienced directors in the oil and gas industry, join the board," independent chairman of the board Marcus C. Rowland commented in the release.
"Each has a long history of enhancing the performance of major public companies as directors and executives," he continued. "Their insight, knowledge and dedication will be valuable to SilverBow’s future growth and successful development."
Grigsby most recently served as Secretary of Economic Administration for the State of Oklahoma from March 2021 to November 2022. Prior to this, she held the position of executive vice president and CFO of Ascent Resources LLC, as well as several roles at Chesapeake Energy Corp.
McAllister served as president, CEO and CFO of Transocean Partners LLC prior to joining the board, overseeing the company's merger with Transocean Ltd. in 2016.
In addition to SilverBow, Grigsby serves on the board of directors for CrossFirst Bankshares Inc., Cetarus Ltd. and CompSource Mutual Insurance Co., while McAllister is also an independent director for the Metals Co., Black Hills Corp. and Höegh LNG Partners LP boards.
"We undertook an extensive process of identifying, vetting, and evaluating director candidates," chair of the nominating and strategy committee Michael Duginski added. "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."
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