Ovintiv Names George L. Pita to Board of Directors

Rhea-AI Summary

Ovintiv Inc. (NYSE: OVV) announced the appointment of George L. Pita as an independent board member, effective July 1, 2021. Pita, 59, brings extensive experience as the CFO of MasTec and has held leadership roles in various companies. His addition is part of Ovintiv's strategy to enhance board diversity and strengthen its governance. The company has recently refreshed its board, adding five new directors since early 2019. Ovintiv remains focused on maximizing profitability and returning capital to shareholders, affirming its commitment to sustainability in North America.

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• George Pita's appointment is expected to enhance board diversity and strengthen governance.
• Pita brings significant experience from various leadership roles, which may benefit strategic decision-making.

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• None.

DENVER, June 30, 2021 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced that George L. Pita has been named as an independent member of its board of directors, effective July1, 2021.

Pita, 59, currently serves as the executive vice president and chief financial officer of MasTec, Inc. (NYSE: MTZ), a leading North American infrastructure construction company. Before joining MasTec in 2013, he served in various leadership positions across multiple industries including CFO and executive vice president for Stuart Weitzman Holdings, LLC and CFO and principal accounting officer of Perry Ellis International, Inc. Pita graduated from the University of Miami, was a CPA for over 30 years, and is a member of the National Association of Corporate Directors, and the Latino Corporate Directors Association.

"We are very excited that George is joining our board. His significant business experience, diverse background and unique perspective will expand the board's strengths," said Ovintiv Chairman Peter Dea. "George's appointment builds on our thoughtful and ongoing board refreshment process."

Since early 2019, including Pita, the Company has expanded its board diversity, added five new directors, appointed a new independent board chairman and refreshed its committee memberships, including three new committee chairs.

About Ovintiv Inc.
Ovintiv is one of the largest producers of oil, condensate and natural gas in North America. The Company is committed to preserving its financial strength, maximizing profitability through disciplined capital investments and operational efficiencies and returning capital to shareholders. A talented team, in combination with a culture of innovation and efficiency, fuels Ovintiv's economic performance, increases shareholder value and strengthens its commitment to sustainability in the communities where its employees live and work.

Further information on Ovintiv Inc. is available on the Company's website, www.ovintiv.com, or by contacting:

Investor contact: (888) 525-0304

Media contact: (403) 645-2252

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SOURCE Ovintiv Inc.

FAQ

Who is George L. Pita and what role will he play at Ovintiv?

George L. Pita is an independent member of Ovintiv's board of directors, bringing extensive financial leadership experience to the role.

What is the date of George Pita's appointment to Ovintiv's board?

George Pita's appointment as an independent board member is effective July 1, 2021.

How does George Pita's appointment affect Ovintiv's governance?

Pita's appointment is part of Ovintiv's ongoing board refreshment process aimed at enhancing diversity and strengthening governance.

What background does George Pita have?

George Pita has served as CFO of MasTec and held leadership positions in several industries, contributing over 30 years of financial expertise.

How many new directors has Ovintiv added since 2019?

Since early 2019, Ovintiv has added five new directors to its board.