Ovintiv Names Meg A. Gentle to Board of Directors

Rhea-AI Summary

Ovintiv Inc. (NYSE: OVV) announced the appointment of Meg A. Gentle to its board of directors, effective December 16, 2020. Gentle, currently the CEO of Tellurian, brings valuable experience from her previous role as CFO of Cheniere Energy. This change follows the decision of veteran director Fred J. Fowler to retire after 10 years with the company. The board has seen significant changes since early 2019, including the addition of three new directors and a revamped committee structure, indicating a commitment to strengthening leadership and governance.

Positive

• Meg A. Gentle brings extensive leadership experience from Tellurian and Cheniere Energy.
• Board refreshment reflects commitment to enhanced governance and strategic direction.

Negative

• Retirement of experienced board member Fred J. Fowler may create continuity concerns.

DENVER, Nov. 19, 2020 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced that Meg A. Gentle has been named as an independent member of its board of directors, effective December 16, 2020.

Gentle, 46, currently serves as the president and chief executive officer of Tellurian, Inc. and as a member of its board of directors. Before joining Tellurian in 2016, she served as CFO and executive vice president of marketing for Cheniere Energy. Gentle graduated from James Madison University and holds an MBA from Rice University.

Fred J. Fowler, 75, Ovintiv director since 2010, will not seek re-election at the Company's 2021 annual meeting and will retire from the board at that time.

"I'm very pleased that Meg is joining our board. Her skills and experiences will complement the strengths of our other board members," said Ovintiv Chairman Peter Dea. "We are thankful for Fred's wisdom and commitment to our Company over the past 10 years."

Since early 2019, including Gentle, the Company has added three 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: (281) 210-5253

 

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SOURCE Ovintiv Inc.

FAQ

Who is Meg A. Gentle and what is her role at Ovintiv?

Meg A. Gentle has been appointed as an independent member of Ovintiv's board of directors, effective December 16, 2020.

What experience does Meg A. Gentle have?

Gentle is the current CEO of Tellurian and previously served as CFO at Cheniere Energy, providing her with extensive experience in the energy sector.

Why did Fred J. Fowler retire from the Ovintiv board?

Fred J. Fowler chose not to seek re-election at Ovintiv's 2021 annual meeting, marking the end of his tenure after 10 years.

What recent changes have occurred in Ovintiv's board of directors?

Since early 2019, Ovintiv has added three new directors and appointed a new independent board chairman, indicating a strategic refresh.

How might Meg A. Gentle's appointment impact Ovintiv?

Gentle's appointment may enhance board diversity and governance, potentially driving better strategic decisions for Ovintiv.