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SANDRIDGE ENERGY, INC. ANNOUNCES APPOINTMENT OF VINCENT INTRIERI AS CHAIRMAN OF THE BOARD AND JONATHAN FRATES AS CHIEF FINANCIAL OFFICER

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SandRidge Energy (NYSE: SD) has announced significant changes to its Board and Management. Vincent Intrieri has been appointed as Chairman of the Board, effective October 1, 2024. Intrieri, the Founder and CEO of VDA Capital Management , brings extensive experience from his previous roles with Carl C. Icahn-related entities and various board positions.

Jonathan Frates will transition from his role as Chairman of the Board to become Executive Vice President and Chief Financial Officer, effective October 21, 2024. Frates has a background in investment management and has served on multiple boards.

Brandon Brown, Sr. will assume the role of Senior Vice President, Chief Accounting Officer. These changes aim to strengthen SandRidge's leadership team and position the company to execute its strategy, particularly following its recent Anadarko Basin acquisition.

SandRidge Energy (NYSE: SD) ha annunciato cambiamenti significativi nel suo Consiglio e nella sua Direzione. Vincent Intrieri è stato nominato Presidente del Consiglio, con effetto dal 1 ottobre 2024. Intrieri, Fondatore e CEO di VDA Capital Management, porta una vasta esperienza dai suoi ruoli precedenti con entità legate a Carl C. Icahn e diverse posizioni in vari consigli.

Jonathan Frates passerà dal suo ruolo di Presidente del Consiglio a quello di Vicepresidente Esecutivo e Chief Financial Officer, con effetto dal 21 ottobre 2024. Frates ha un background nella gestione degli investimenti e ha servito in diversi consigli.

Brandon Brown, Sr. assumerà il ruolo di Vicepresidente Senior e Chief Accounting Officer. Questi cambiamenti mirano a rafforzare il team di leadership di SandRidge e a posizionare l'azienda per attuare la sua strategia, in particolare dopo l'acquisizione recente del Bacino Anadarko.

SandRidge Energy (NYSE: SD) ha anunciado cambios significativos en su Junta y Gestión. Vincent Intrieri ha sido nombrado Presidente de la Junta, efectivo a partir del 1 de octubre de 2024. Intrieri, Fundador y CEO de VDA Capital Management, trae una amplia experiencia de sus roles previos con entidades relacionadas con Carl C. Icahn y varias posiciones en diferentes juntas.

Jonathan Frates hará la transición de su rol como Presidente de la Junta a Vicepresidente Ejecutivo y Director Financiero, efectivo a partir del 21 de octubre de 2024. Frates tiene un fondo de inversión y ha servido en múltiples juntas.

Brandon Brown, Sr. asumirá el cargo de Vicepresidente Senior y Chief Accounting Officer. Estos cambios tienen como objetivo fortalecer el equipo de liderazgo de SandRidge y posicionar a la empresa para ejecutar su estrategia, especialmente tras su reciente adquisición de la Cuenca Anadarko.

샌드리지 에너지 (NYSE: SD)가 이사회 및 경영진에 관한 중대한 변화를 발표했습니다. 빈센트 인트리에리가 2024년 10월 1일부터 이사회 의장으로 임명됩니다. 인트리에리는 VDA 캐피탈 매니지먼트의 창립자이자 CEO로, 칼 C. 아이칸 관련 기업과 여러 이사회에서의 임무로 쌓은 폭넓은 경험을 가지고 있습니다.

조나단 프라테스는 이사회 의장직에서 물러나 2024년 10월 21일부터 수석 부사장 및 최고 재무 책임자 역할을 맡게 됩니다. 프라테스는 투자 관리 분야에서 배경을 가지고 있으며 여러 이사회에서 일해온 경력이 있습니다.

브랜든 브라운, Sr.는 수석 부사장 및 최고 회계 책임자 역할을 맡게 됩니다. 이러한 변화는 샌드리지의 리더십 팀을 강화하고 최근 아나다코 분지 인수 후 회사 전략을 실행할 수 있도록 하는 것을 목표로 하고 있습니다.

SandRidge Energy (NYSE: SD) a annoncé des changements significatifs au sein de son Conseil et de sa Direction. Vincent Intrieri a été nommé Président du Conseil, à compter du 1er octobre 2024. Intrieri, le fondateur et PDG de VDA Capital Management, apporte une vaste expérience de ses rôles précédents au sein d'entités liées à Carl C. Icahn et de plusieurs postes au conseil d'administration.

Jonathan Frates passera de son rôle de Président du Conseil à celui de Vice-Président Exécutif et Directeur Financier, à compter du 21 octobre 2024. Frates possède un solide parcours en gestion d'investissement et a siégé à de nombreux conseils.

Brandon Brown, Sr. assumera le rôle de Vice-Président Senior et Directeur Comptable. Ces changements visent à renforcer l'équipe de direction de SandRidge et à positionner l'entreprise pour mettre en œuvre sa stratégie, en particulier suite à son acquisition récente du bassin d'Anadarko.

SandRidge Energy (NYSE: SD) hat bedeutende Änderungen in seinem Vorstand und Management angekündigt. Vincent Intrieri wurde mit Wirkung zum 1. Oktober 2024 zum Vorsitzenden des Vorstands ernannt. Intrieri, der Gründer und CEO von VDA Capital Management, bringt umfassende Erfahrungen aus seinen früheren Rollen in Unternehmen von Carl C. Icahn und verschiedenen Vorstandspositionen mit.

Jonathan Frates wird von seiner Rolle als Vorsitzender des Vorstands zum Executive Vice President und Chief Financial Officer wechseln, ebenfalls ab dem 21. Oktober 2024. Frates hat einen Hintergrund im Investmentmanagement und hat in mehreren Vorständen gedient.

Brandon Brown, Sr. wird die Rolle des Senior Vice President und Chief Accounting Officer übernehmen. Diese Änderungen zielen darauf ab, das Führungsteam von SandRidge zu stärken und das Unternehmen zu positionieren, um seine Strategie umzusetzen, insbesondere nach der kürzlichen Akquisition des Anadarko-Beckens.

Positive
  • Appointment of experienced leaders to key positions
  • Strategic positioning for efficient growth and value creation
  • Strengthened leadership team to support recent Anadarko Basin acquisition
Negative
  • None.

OKLAHOMA CITY, Oct. 1, 2024 /PRNewswire/ -- SandRidge Energy, Inc. (the "Company" or "SandRidge") (NYSE: SD) today announced changes to the Board and Management that will further position the Company to execute on its strategy.

Vincent ("Vince") Intrieri has been appointed by the Board, by recommendation of the Nominating and Governance Committee, as Chairman effective October 1, 2024.

Mr. Intrieri is the Founder and CEO of VDA Capital Management LLC, a private investment fund founded in 2017. Mr. Intrieri was previously employed by Carl C. Icahn-related entities in various investment-related capacities from 1998 to 2016. From 2008 to 2016, Mr. Intrieri served as Senior Managing Director of Icahn Capital LP, the entity through which Carl C. Icahn manages private investment funds. In addition, from 2004 to 2016, Mr. Intrieri was a Senior Managing Director of Icahn Onshore LP, the general partner of Icahn Partners LP, and Icahn Offshore LP, the general partner of Icahn Partners Master Fund LP, entities through which Mr. Icahn invests in securities. Mr. Intrieri has served as a director of Transocean Ltd. (NYSE: RIG) since 2014 and Hertz Global Holdings, Inc. (NYSE: HTZ) since 2014. Mr. Intrieri previously served as a director of Navistar International Corporation from 2012 until 2021, Energen Corporation from March 2018 until November 2018, Conduent Incorporated from 2017 to 2018, Chesapeake Energy Corporation from 2012 to 2016, CVR Refining, GP, LLC, the general partner of CVR Refining, LP, from 2012 to 2014, Ferrous Resources Limited from 2015 to 2016, Forest Laboratories Inc. from 2013 to 2014, CVR Energy, Inc. from 2012 to 2014, Federal-Mogul Holdings Corporation from 2007 to 2013, Icahn Enterprises L.P. from 2006 to 2012, and was Senior Vice President of Icahn Enterprises L.P. from 2011 to 2012. Mr. Intrieri was also a director of Dynegy Inc. from 2011 to 2012, and Chair and a director of PSC Metals Inc. from 2007 to 2012. He served as a director of Motorola Solutions, Inc. from 2011 to 2012, XO Holdings from 2006 to 2011, National Energy Group, Inc. from 2006 to 2011, American Railcar Industries, Inc. from 2005 to 2011, WestPoint Home LLC from 2005 to 2011, and as Chair and a director of Viskase Companies, Inc. from 2003 to 2011. Ferrous Resources Limited, CVR Refining, CVR Energy, American Railcar Industries, Federal-Mogul, Icahn Enterprises, XO Holdings, National Energy Group, WestPoint Home, Viskase Companies and PSC Metals each are or previously were indirectly controlled by Carl C. Icahn. Mr. Icahn also has or previously had a noncontrolling interest in Dynegy, Hertz, Forest Laboratories, Navistar, Chesapeake Energy, Motorola Solutions and Transocean through the ownership of securities. Mr. Intrieri graduated, with Distinction, from The Pennsylvania State University (Erie Campus) with a B.S. in Accounting in 1984. Mr. Intrieri was a certified public accountant.

Mr. Intrieri said, "I am eager to join SandRidge as Chairman of the Board while the Company enters its next chapter. We plan to keep the organization lean while continuing to pursue capital returns, efficient drilling programs and other disciplined growth opportunities. I want to thank Jonathan for his service over the past six years and look forward to working with him and the team on the next phase of the business."

Jonathan Frates will step down as Chairman of the Board, effective October 1, 2024, to transition to the role of Executive Vice President and Chief Financial Officer, effective October 21, 2024.

Mr. Frates has served most recently as Investment Director of Vision One Management Partners, a Miami-based investment manager from July 2022 through September 2024. Prior to Vision One, Mr. Frates served as Managing Director and Head of Family Office of Daughters Capital Corp., a single-family office from July 2021 through June 2022, and as Managing Director of Icahn Enterprises L.P., a diversified holding company engaged in a variety of businesses, from November 2015 through July 2021. Prior to Icahn Enterprises, Mr. Frates held roles at First Acceptance Corp., Diamond A Ford Corp., and Wachovia Securities LLC. Mr. Frates has served as Chairman of the Board of Directors of the Company since June 2018. Mr. Frates previously served as a director of Herc Holdings, Inc. from August 2019 until May 2022, VIVUS, Inc. from December 2020 until July 2021, Viskase Companies, Inc. from March 2016 until July 2021, American Railcar Industries, Inc. from March 2016 until December 2018, CVR Refining, LP from April 2016 until January 2019, Ferrous Resources Ltd. from December 2016 until July 2019, CVR Partners from April 2016 until July 2021, and CVR Energy, Inc. from March 2016 until July 2021. Mr. Frates received a BBA from Southern Methodist University and an MBA from Columbia Business School.

Mr. Frates said, "Following the recent Anadarko Basin acquisition I see the opportunity to join the team at SandRidge too compelling to pass up. The Company provides a stable platform and proven team to efficiently grow production and continue creating value for all stakeholders. I look forward to working even more closely with the team and welcome our new Chairman to the Board. I am excited for the future of SandRidge and the opportunity that lies ahead."

Brandon Brown, Sr., will assume the role of Senior Vice President, Chief Accounting Officer. Mr. Brown most recently served as Chief Financial Officer since September 2023 and as the Company's Corporate Controller since June 2020. Grayson Pranin, Chief Executive Officer, said, "We appreciate Brandon's leadership over the last several years, and for his continued efforts in leading the Company's Accounting activities. The further strengthened team, with Brandon's continuity in accounting, Jonathan's experience in finance, M&A and public markets, as well as Vince's own demonstrable leadership and experience in the public and energy sectors, will further position the Company to execute its strategy, while integrating the assets associated with our recent acquisition."

About SandRidge Energy, Inc.

SandRidge Energy, Inc. (NYSE: SD) is an independent oil and gas company engaged in the production, development and acquisition of oil and gas properties. Its primary area of operations is the Mid-Continent and Anadarko regions in Oklahoma, Texas, and Kansas. Further information can be found at www.sandridgeenergy.com.

Contact Information

Investor Relations
SandRidge Energy, Inc.
1 E. Sheridan Ave. Suite 500
Oklahoma City, OK 73104
investors@sandridgeenergy.com

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SOURCE SANDRIDGE ENERGY, INC.

FAQ

Who is the new Chairman of the Board for SandRidge Energy (SD)?

Vincent Intrieri has been appointed as the new Chairman of the Board for SandRidge Energy (SD), effective October 1, 2024.

What is Jonathan Frates' new role at SandRidge Energy (SD)?

Jonathan Frates will transition to the role of Executive Vice President and Chief Financial Officer at SandRidge Energy (SD), effective October 21, 2024.

When do the management changes at SandRidge Energy (SD) take effect?

The management changes at SandRidge Energy (SD) take effect on different dates: Vincent Intrieri's appointment as Chairman is effective October 1, 2024, while Jonathan Frates' transition to CFO is effective October 21, 2024.

What recent acquisition did SandRidge Energy (SD) complete?

The press release mentions a recent Anadarko Basin acquisition by SandRidge Energy (SD), though specific details of the acquisition are not provided.

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