NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES THE APPOINTMENT OF TWO NEW TRUSTEES
North European Oil Royalty Trust (NYSE: NRT) has appointed two new Trustees, effective October 1, 2024. Richard P. Howard, a Chartered Financial Analyst with over 47 years of experience in the energy industry, and Andrew S. Borodach, a transactional lawyer with more than 25 years of experience in financial services and insurance, will join the Trust's board. Howard brings extensive analytical and portfolio management expertise, while Borodach contributes significant legal and M&A experience. Nancy J. Floyd Prue, Managing Trustee, stated that their experience and perspectives will strengthen the Trust's management. With these appointments, North European Oil Royalty Trust will have a total of 5 Trustees.
North European Oil Royalty Trust (NYSE: NRT) ha nominato due nuovi Fiduciari, a partire dal 1° ottobre 2024. Richard P. Howard, un Analista Finanziario Certificato con oltre 47 anni di esperienza nel settore energetico, e Andrew S. Borodach, un avvocato specializzato in transazioni con più di 25 anni di esperienza nei servizi finanziari e assicurativi, si uniranno al consiglio di amministrazione del Trust. Howard porta una vasta esperienza nell'analisi e nella gestione del portafoglio, mentre Borodach contribuisce con una significativa esperienza legale e in operazioni di fusione e acquisizione. Nancy J. Floyd Prue, Fiduciario Amministrativo, ha dichiarato che la loro esperienza e i loro punti di vista rafforzeranno la gestione del Trust. Con queste nomine, il North European Oil Royalty Trust avrà un totale di 5 Fiduciari.
North European Oil Royalty Trust (NYSE: NRT) ha nombrado a dos nuevos Fideicomisarios, con efecto a partir del 1 de octubre de 2024. Richard P. Howard, un Analista Financiero Certificado con más de 47 años de experiencia en la industria energética, y Andrew S. Borodach, un abogado de transacciones con más de 25 años de experiencia en servicios financieros y seguros, se unirán a la junta del Fideicomiso. Howard aporta amplia experiencia en análisis y gestión de carteras, mientras que Borodach contribuye con una significativa experiencia legal y en fusiones y adquisiciones. Nancy J. Floyd Prue, Fideicomisaria Administradora, declaró que su experiencia y perspectivas fortalecerán la gestión del Fideicomiso. Con estos nombramientos, el North European Oil Royalty Trust tendrá un total de 5 Fideicomisarios.
North European Oil Royalty Trust (NYSE: NRT)는 2024년 10월 1일부터 두 명의 새로운 이사를 임명했습니다. 리처드 P. 하워드는 에너지 산업에서 47년 이상의 경력을 가진 공인 재무 분석가이며, 앤드류 S. 보로다치는 금융 서비스 및 보험 분야에서 25년 이상의 경력을 가진 거래 변호사입니다. 두 사람은 신탁 위원회에 합류합니다. 하워드는 광범위한 분석 및 포트폴리오 관리 전문 지식을 제공하며, 보로다치는 중요한 법률 및 M&A 경험을 기여합니다. 관리 이사인 낸시 J. 플로이드 프루는 그들의 경험과 관점이 신탁 관리에 강화를 줄 것이라고 밝혔습니다. 이번 임명으로 North European Oil Royalty Trust는 총 5명의 이사를 갖게 됩니다.
North European Oil Royalty Trust (NYSE: NRT) a nommé deux nouveaux administrateurs, à compter du 1er octobre 2024. Richard P. Howard, un analyste financier certifié ayant plus de 47 ans d'expérience dans l'industrie énergétique, et Andrew S. Borodach, un avocat spécialisé dans les transactions avec plus de 25 ans d'expérience dans les services financiers et l'assurance, rejoindront le conseil d'administration du Trust. Howard apporte une vaste expertise en analyse et en gestion de portefeuille, tandis que Borodach contribue par son expérience juridique significative et dans les fusions et acquisitions. Nancy J. Floyd Prue, Administratrice Gestionnaire, a déclaré que leur expérience et leurs perspectives renforceront la gestion du Trust. Avec ces nominations, le North European Oil Royalty Trust comptera un total de 5 administrateurs.
North European Oil Royalty Trust (NYSE: NRT) hat zum 1. Oktober 2024 zwei neue Treuhänder ernannt. Richard P. Howard, ein Chartered Financial Analyst mit über 47 Jahren Erfahrung in der Energiebranche, und Andrew S. Borodach, ein Transaktionsanwalt mit mehr als 25 Jahren Erfahrung im Finanzdienstleistungs- und Versicherungsbereich, werden dem Vorstand des Trusts beitreten. Howard bringt umfangreiche analytische Fähigkeiten und Expertise im Portfoliomanagement mit, während Borodach bedeutende rechtliche Kenntnisse und Erfahrung im Bereich Fusionen und Übernahmen einbringt. Nancy J. Floyd Prue, Verwaltungs-Treuhänderin, erklärte, dass ihre Erfahrung und Perspektiven das Management des Trusts stärken werden. Mit diesen Ernennungen wird der North European Oil Royalty Trust insgesamt 5 Treuhänder haben.
- Appointment of two highly experienced professionals as Trustees
- Richard P. Howard brings 47 years of energy industry experience
- Andrew S. Borodach contributes 25 years of legal and financial services expertise
- Expansion of the Trust's board to 5 Trustees, potentially improving governance
- None.
Richard P. Howard is a Chartered Financial Analyst and an active investor with more than 47 years of experience in the energy industry. Mr. Howard's professional career included analytical and portfolio management positions with CIGNA, Fidelity Investments, T. Rowe Price Group, Inc., and Prospector Partners Asset Management, LLC. He was a 50-year charter member of the National Association of Petroleum Investment Analysts. He holds B.S. degrees in welding engineering and industrial engineering from Millikin University and an M.B.A from Harvard Business School.
With more than twenty-five years of experience, Andrew S. Borodach is a transactional lawyer, with a strong financial services and insurance background and a focus of cross-border M&A activity. Mr. Borodach is currently Vice President, Head of the Transactional Law Group & Chief Counsel M&A at Prudential Financial, Inc. He began his career as an associate at Debevoise & Plimpton LLP and spent nearly fifteen years at American International Group, Inc. in several legal and business roles of increasing responsibility. He holds a J.D. from Harvard University Law School and a B.A. from Brown University.
"The experience and perspectives Mr. Howard and Mr. Borodach bring will bolster the management of the Trust," said Nancy J. Floyd Prue, Managing Trustee. With the appointments, North European Oil Royalty Trust will have 5 Trustees.
For further information, contact John R. Van Kirk, Managing Director, at (732) 741-4008 or via e-mail at jvankirk@neort.com. The text of the Trust's press releases along with other pertinent information is available on the Trust's website: www.neort.com.
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SOURCE North European Oil Royalty Trust
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