Dave Stover Appointed to APA Corporation Board of Directors

Rhea-AI Summary

APA Corporation (Nasdaq: APA) has appointed Dave Stover to its board of directors, where he will also serve on the Audit Committee. Stover brings over 40 years of experience in the oil and gas industry, including leadership roles at Noble Energy, where he served as Chairman and CEO until 2020. His extensive background includes key positions at BP and Vastar Resources. The board expressed confidence that Stover's expertise will enhance APA's mission to generate long-term value for shareholders.

Positive

• Appointment of Dave Stover brings over 40 years of industry experience.
• Stover's past leadership at Noble Energy may provide valuable insights.

Negative

• Concerns regarding continuity as new leadership may result in operational changes.

HOUSTON, Feb. 23, 2022 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) today announced the appointment of Dave Stover to its board of directors. Stover is expected to serve on the Audit Committee.

“We are thrilled to welcome Dave to the APA board. With more than 40 years of domestic and international oil and gas industry experience, he will bring in-depth knowledge and global expertise to our ongoing efforts to deliver long-term value for APA stakeholders,” said John Lowe, APA’s nonexecutive board chairman.

Stover, 64, served as the chairman and CEO of Noble Energy until his retirement in 2020. He was appointed Chairman of the Board in April 2015, CEO in October 2014 and elected to the board of directors in April 2014. Prior to these roles, he served as President and Chief Operating Officer, along with other executive positions. Before joining Noble Energy in 2002, Stover served as BP’s Vice President and Business Unit Leader for the Gulf of Mexico Shelf from 2000 to 2002. From 1994 to 2000, he held various onshore and offshore management positions at Vastar Resources. Earlier in his career, he held positions in engineering, operations and management at ARCO Oil and Gas Company.

About APA

APA Corporation owns consolidated subsidiaries that explore for and produce oil and natural gas in the United States, Egypt and the United Kingdom and that explore for oil and natural gas offshore Suriname. APA posts announcements, operational updates, investor information and press releases on its website, www.apacorp.com. Additional details regarding Suriname, ESG performance and other investor-related topics are posted at investor.apacorp.com.

Contacts

Investor: (281) 302-2286 Gary Clark
Media: (713) 296-7276 Alexandra Franceschi                        

Website: www.apacorp.com

APA-G

FAQ

Who is Dave Stover and what is his background with APA?

Dave Stover has been appointed to APA's board of directors and has over 40 years experience in the oil and gas industry, including leadership roles at Noble Energy.

What role will Dave Stover play at APA Corporation?

Dave Stover will serve on the Audit Committee as a member of the board of directors.

What impact might Dave Stover's appointment have on APA's strategy?

His extensive industry experience could enhance APA's strategic direction and long-term value creation.

When was Dave Stover appointed to the APA board?

Dave Stover was appointed to the board of directors on February 23, 2022.