Northern Oil and Gas, Inc. Announces Management Promotion and Addition to the Board of Directors

Rhea-AI Summary

Northern Oil and Gas, Inc. (NYSE American: NOG) has announced a significant management promotion and a new addition to its Board of Directors. Adam Dirlam has been promoted to President, reflecting his increasing responsibilities during a pivotal year for the company. Additionally, Jennifer Pomerantz, former CEO of American Natural, joins the board, bringing extensive experience in energy and investment banking. This strategic leadership shift aims to enhance Northern's operational execution and growth trajectory in the oil and gas sector.

Positive

• Adam Dirlam's promotion to President aligns with his growing responsibilities, potentially enhancing leadership and strategic direction.
• Jennifer Pomerantz's board appointment brings valuable experience in energy and investment sectors, likely benefiting the company's strategic initiatives.

Negative

• None.

MINNEAPOLIS--(BUSINESS WIRE)-- Northern Oil and Gas, Inc. (NYSE American: NOG) (“Northern”) today announced a management promotion and an addition to the Board of Directors.

MANAGEMENT PROMOTION

Northern’s Chief Operating Officer, Adam Dirlam, has been promoted effective immediately to serve as President.

“During an incredibly transformational year for our company, it has become clear that Adam is ready and deserving of the role of President,” commented Nick O’Grady, Chief Executive Officer. “As we continue to build and scale Northern, Adam’s growing role in our business and execution capabilities warrant a title commensurate with his responsibilities.”

NEW BOARD MEMBER

Jennifer Pomerantz has been appointed to serve as an independent director on Northern’s Board of Directors. Ms. Pomerantz most recently served as Chairman and CEO of American Natural, a lifestyle brand of convenience stores and fuel logistics solutions, which she founded in 2011. Prior to founding that business, she launched and served as a Portfolio Manager for global natural resources strategies for Citadel Asset Management’s Surveyor Capital and JP Morgan’s Highbridge Capital Management. Ms. Pomerantz began her career in investment banking, covering power and energy for Bank of America.

ABOUT NORTHERN OIL AND GAS

Northern Oil and Gas, Inc. is a company with a primary strategy of investing in non-operated minority working and mineral interests in oil & gas properties, with a core area of focus in the premier basins within the United States.

More information about Northern Oil and Gas, Inc. can be found at www.NorthernOil.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211213005984/en/

Mike Kelly, CFA

Chief Strategy Officer

(952) 476-9800

ir@northernoil.com

Source: Northern Oil and Gas, Inc.

FAQ

What recent management change occurred at Northern Oil and Gas?

Adam Dirlam has been promoted to President of Northern Oil and Gas, effective immediately.

Who is the new board member appointed at Northern Oil and Gas?

Jennifer Pomerantz has been appointed as an independent director on the Board of Directors.

What is the significance of Adam Dirlam's promotion at Northern Oil and Gas?

Adam's promotion reflects his crucial role during a transformational year, which could enhance the company's leadership and operations.

What experience does Jennifer Pomerantz bring to Northern Oil and Gas?

Jennifer has extensive experience as a CEO and in investment banking, specifically in energy and natural resources.