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ConocoPhillips appoints Nelda J. Connors to its board of directors

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ConocoPhillips (NYSE: COP) has appointed Nelda J. Connors to its board of directors. Connors brings over 25 years of experience in industrial and manufacturing sectors. She is the founder, chair, and CEO of Pine Grove Holdings, , which invests in small- and mid-sized engineering-focused businesses. Previously, she served as president and CEO of Atkore International Group, Inc. and held various executive roles in the automotive industry.

Connors will serve on the Audit and Finance Committee and Public Policy and Sustainability Committee of ConocoPhillips' board. She currently sits on the boards of Carnival , Otis Worldwide , and Zebra Technologies ConocoPhillips' CEO, Ryan Lance, highlighted Connors' expertise in operational excellence and corporate finance as valuable assets in advancing the company's Triple Mandate.

ConocoPhillips (NYSE: COP) ha nominato Nelda J. Connors nel suo consiglio di amministrazione. Connors porta con sé oltre 25 anni di esperienza nei settori industriale e manifatturiero. È fondatrice, presidente e CEO di Pine Grove Holdings, che investe in piccole e medie imprese focalizzate sull'ingegneria. In precedenza, ha ricoperto il ruolo di presidente e CEO di Atkore International Group, Inc. e ha ricoperto vari ruoli dirigenziali nell'industria automobilistica.

Connors farà parte del Comitato per l'Audit e le Finanze e del Comitato per le Politiche Pubbliche e la Sostenibilità del consiglio di amministrazione di ConocoPhillips. Attualmente è membro dei consigli di amministrazione di Carnival, Otis Worldwide e Zebra Technologies. Il CEO di ConocoPhillips, Ryan Lance, ha evidenziato l'esperienza di Connors nell'eccellenza operativa e nella finanza aziendale come risorse preziose per far progredire il mandato triplo dell'azienda.

ConocoPhillips (NYSE: COP) ha designado a Nelda J. Connors para su junta directiva. Connors aporta más de 25 años de experiencia en los sectores industrial y de manufactura. Es fundadora, presidenta y CEO de Pine Grove Holdings, que invierte en empresas de ingeniería pequeñas y medianas. Anteriormente, fue presidenta y CEO de Atkore International Group, Inc. y ocupó varios roles ejecutivos en la industria automotriz.

Connors formará parte del Comité de Auditoría y Finanzas y del Comité de Política Pública y Sostenibilidad de la junta de ConocoPhillips. Actualmente es miembro de las juntas de Carnival, Otis Worldwide y Zebra Technologies. El CEO de ConocoPhillips, Ryan Lance, destacó la experiencia de Connors en excelencia operativa y finanzas corporativas como activos valiosos para avanzar en el mandato triple de la empresa.

ConocoPhillips (NYSE: COP)는 Nelda J. Connors를 이사회에 임명했습니다. Connors는 산업 및 제조 분야에서 25년 이상의 경험을 갖고 있습니다. 그녀는 중소 규모의 엔지니어링 중심 기업에 투자하는 Pine Grove Holdings의 설립자, 의장, CEO입니다. 이전에는 Atkore International Group, Inc.의 사장 및 CEO로 재직했으며 자동차 산업에서 다양한 임원 역할을 수행했습니다.

Connors는 ConocoPhillips 이사회의 감사 및 재무 위원회, 공공 정책 및 지속 가능성 위원회에서 활동할 예정입니다. 현재 그녀는 Carnival, Otis Worldwide 및 Zebra Technologies의 이사로 활동하고 있습니다. ConocoPhillips의 CEO인 Ryan Lance는 Connors의 운영 우수성과 기업 재무의 전문성을 회사의 삼중 수명 목표를 발전시키는 귀중한 자산으로 강조했습니다.

ConocoPhillips (NYSE: COP) a nommé Nelda J. Connors à son conseil d'administration. Connors apporte plus de 25 ans d'expérience dans les secteurs industriel et manufacturier. Elle est fondatrice, présidente et CEO de Pine Grove Holdings, qui investit dans des entreprises d'ingénierie de petite et moyenne taille. Auparavant, elle a été présidente et CEO d'Atkore International Group, Inc. et a occupé divers rôles exécutifs dans l'industrie automobile.

Connors siégera au comité d'audit et de finances et au comité des politiques publiques et de la durabilité du conseil d'administration de ConocoPhillips. Elle est actuellement membre des conseils d'administration de Carnival, Otis Worldwide et Zebra Technologies. Ryan Lance, le CEO de ConocoPhillips, a souligné l'expertise de Connors en excellence opérationnelle et en finance d'entreprise comme des atouts précieux pour faire progresser le mandat triple de l'entreprise.

ConocoPhillips (NYSE: COP) hat Nelda J. Connors in seinen Vorstand berufen. Connors bringt über 25 Jahre Erfahrung in der Industrie- und Fertigungsbranche mit. Sie ist Gründerin, Vorsitzende und CEO von Pine Grove Holdings, das in kleine und mittelgroße ingenieurlastige Unternehmen investiert. Zuvor war sie Präsidentin und CEO der Atkore International Group, Inc. und hatte verschiedene leitende Funktionen in der Automobilindustrie inne.

Connors wird Mitglied des Prüfungs- und Finanzausschusses sowie des Ausschusses für öffentliche Politik und Nachhaltigkeit im Vorstand von ConocoPhillips sein. Derzeit sitzt sie in den Vorständen von Carnival, Otis Worldwide und Zebra Technologies. Ryan Lance, der CEO von ConocoPhillips, hob Connors' Expertise in operativer Exzellenz und Unternehmensfinanzierung als wertvolle Ressourcen zur Förderung des Dreifachmandats des Unternehmens hervor.

Positive
  • Addition of experienced board member with 25+ years in industrial and manufacturing sectors
  • New director brings expertise in operational excellence and corporate finance
  • Appointment aligns with company's Triple Mandate goals
Negative
  • None.

HOUSTON--(BUSINESS WIRE)-- ConocoPhillips (NYSE: COP) today announced that its board of directors has elected Ms. Nelda J. Connors to serve as a board member.

Ms. Connors has more than 25 years of experience in the industrial and manufacturing industries. In 2011, she founded Pine Grove Holdings, LLC, where she currently serves as chair and chief executive officer, overseeing investments in small- and mid-sized businesses with a high engineering component. Prior to founding Pine Grove Holdings, Ms. Connors served as president and chief executive officer of Atkore International Group, Inc., from 2008 to 2010 while Atkore was a division of Tyco International, and from 2010 to 2011 following Atkore’s spin-off as a separate, privately held entity. Ms. Connors has also held various managerial positions for Eaton Corporation, a diversified industrial manufacturer, and various executive and managerial roles in the automotive industry.

“It is an honor to welcome Nelda to the ConocoPhillips board of directors,” said Ryan Lance, chairman and chief executive officer. “Nelda is a proven leader who brings valuable expertise in operational excellence and corporate finance. Her contributions will help advance all aspects of our Triple Mandate to meet energy transition pathway demand, generate competitive returns on and of capital, and progress toward our net-zero operational greenhouse gas emissions ambition.”

Ms. Connors currently serves on the boards of Carnival Corporation and Carnival plc, Otis Worldwide Corporation and Zebra Technologies Corporation.

Ms. Connors will serve on the Audit and Finance Committee and Public Policy and Sustainability Committee of the ConocoPhillips board.

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About ConocoPhillips

ConocoPhillips is one of the world’s leading exploration and production companies based on both production and reserves, with a globally diversified asset portfolio. Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 13 countries, $96 billion of total assets, and approximately 10,200 employees at June 30, 2024. Production averaged 1,923 MBOED for the six months ended June 30, 2024, and proved reserves were 6.8 BBOE as of Dec. 31, 2023. For more information, go to www.conocophillips.com.

CAUTIONARY STATEMENT FOR THE PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995.

This news release contains forward-looking statements as defined under the federal securities laws. Forward-looking statements relate to future events, plans and anticipated results of operations, business strategies, and other aspects of our operations or operating results. Words and phrases such as “ambition,” “anticipate,” “estimate,” “believe,” “budget,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict,” “seek,” “should,” “will,” “would,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target” and other similar words can be used to identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Where, in any forward-looking statement, the company expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to be reasonable at the time such forward-looking statement is made. However, these statements are not guarantees of future performance and involve certain risks, uncertainties and other factors beyond our control. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in the forward-looking statements. Factors that could cause actual results or events to differ materially from what is presented include changes in commodity prices, including a prolonged decline in these prices relative to historical or future expected levels; global and regional changes in the demand, supply, prices, differentials or other market conditions affecting oil and gas, including changes resulting from any ongoing military conflict, including the conflicts in Ukraine and the Middle East, and the global response to such conflict, security threats on facilities and infrastructure, or from a public health crisis or from the imposition or lifting of crude oil production quotas or other actions that might be imposed by OPEC and other producing countries and the resulting company or third-party actions in response to such changes; insufficient liquidity or other factors, such as those listed herein, that could impact our ability to repurchase shares and declare and pay dividends such that we suspend our share repurchase program and reduce, suspend, or totally eliminate dividend payments in the future, whether variable or fixed; changes in expected levels of oil and gas reserves or production; potential failures or delays in achieving expected reserve or production levels from existing and future oil and gas developments, including due to operating hazards, drilling risks or unsuccessful exploratory activities; unexpected cost increases, inflationary pressures or technical difficulties in constructing, maintaining or modifying company facilities; legislative and regulatory initiatives addressing global climate change or other environmental concerns; public health crises, including pandemics (such as COVID-19) and epidemics and any impacts or related company or government policies or actions; investment in and development of competing or alternative energy sources; potential failures or delays in delivering on our current or future low-carbon strategy, including our inability to develop new technologies; disruptions or interruptions impacting the transportation for our oil and gas production; international monetary conditions and exchange rate fluctuations; changes in international trade relationships or governmental policies, including the imposition of price caps, or the imposition of trade restrictions or tariffs on any materials or products (such as aluminum and steel) used in the operation of our business, including any sanctions imposed as a result of any ongoing military conflict, including the conflicts in Ukraine and the Middle East; our ability to collect payments when due, including our ability to collect payments from the government of Venezuela or PDVSA; our ability to complete the proposed acquisition of Marathon Oil Corporation (Marathon Oil) or any other announced or any other future dispositions or acquisitions on time, if at all; the possibility that regulatory approvals, consents or authorizations for the Marathon Oil acquisition or any other announced or any other future dispositions or acquisitions will not be received on a timely basis, if at all, or that such approvals may be subject to conditions neither we nor Marathon Oil anticipated or may require modification to the terms of the transactions or our remaining business; business disruptions relating to the Marathon Oil acquisition or following any other announced or other future dispositions or acquisitions, including the diversion of management time and attention; the ability to deploy net proceeds from our announced or any future dispositions in the manner and timeframe we anticipate, if at all; the satisfaction of closing conditions on a timely basis or at all or the failure of the Marathon Oil acquisition to close for any other reason or to close on anticipated terms; our ability to successfully integrate Marathon Oil’s business and technologies, which may result in the combined company not operating as effectively and efficiently as expected; our ability to achieve the expected benefits and synergies from the Marathon Oil acquisition in a timely manner, or at all; potential liability for remedial actions under existing or future environmental regulations; potential liability resulting from pending or future litigation, including litigation related directly or indirectly to our transaction with Concho Resources Inc.; the impact of competition and consolidation in the oil and gas industry; limited access to capital or insurance or significantly higher cost of capital or insurance related to illiquidity or uncertainty in the domestic or international financial markets or investor sentiment; general domestic and international economic and political conditions or developments, including as a result of any ongoing military conflict, including the conflicts in Ukraine and the Middle East; changes in fiscal regime or tax, environmental and other laws applicable to our business; and disruptions resulting from accidents, extraordinary weather events, civil unrest, political events, war, terrorism, cybersecurity threats or information technology failures, constraints or disruptions; and other economic, business, competitive and/or regulatory factors affecting our business generally as set forth in our filings with the Securities and Exchange Commission. Unless legally required, ConocoPhillips expressly disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Dennis Nuss (media)

281-293-1149

dennis.nuss@conocophillips.com

Investor Relations

281-293-5000

investor.relations@conocophillips.com

Source: ConocoPhillips

FAQ

Who is the new board member appointed to ConocoPhillips (COP)?

Nelda J. Connors has been appointed to ConocoPhillips' board of directors.

What committees will Nelda J. Connors serve on at ConocoPhillips (COP)?

Nelda J. Connors will serve on the Audit and Finance Committee and Public Policy and Sustainability Committee of the ConocoPhillips board.

What is Nelda J. Connors' current role outside of ConocoPhillips (COP)?

Nelda J. Connors is the founder, chair, and CEO of Pine Grove Holdings, , which invests in small- and mid-sized businesses with a high engineering component.

How many years of experience does Nelda J. Connors bring to ConocoPhillips (COP)?

Nelda J. Connors brings more than 25 years of experience in the industrial and manufacturing industries to ConocoPhillips.

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