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SM ENERGY APPOINTS DR. ASHWIN VENKATRAMAN TO THE COMPANY'S BOARD OF DIRECTORS

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SM Energy Company has appointed Dr. Ashwin Venkatraman as an independent director and member of the Board's Audit Committee. Dr. Venkatraman, currently President and CEO of Resermine Inc., brings extensive expertise in technology, artificial intelligence, and engineering specific to the oil and gas industry. His background includes academic positions at the University of Oklahoma, The University of Texas at Austin, and Princeton University, as well as various roles at Shell International Exploration and Production Inc. The appointment aligns with SM Energy's focus on data analytics and machine learning in their optimization plans.

SM Energy Company ha nominato Dr. Ashwin Venkatraman come direttore indipendente e membro del Comitato di Audit del Consiglio. Il Dr. Venkatraman, attualmente Presidente e CEO di Resermine Inc., porta un'ampia esperienza in tecnologia, intelligenza artificiale e ingegneria specifica per il settore petrolifero e del gas. Il suo background include ruoli accademici presso l'Università dell'Oklahoma, l'Università del Texas ad Austin e la Princeton University, oltre a vari incarichi presso Shell International Exploration and Production Inc. La nomina è in linea con il focus di SM Energy sull'analisi dei dati e l'apprendimento automatico nei loro piani di ottimizzazione.

SM Energy Company ha nombrado al Dr. Ashwin Venkatraman como director independiente y miembro del Comité de Auditoría de la Junta. El Dr. Venkatraman, actualmente Presidente y CEO de Resermine Inc., aporta una amplia experiencia en tecnología, inteligencia artificial e ingeniería específicamente en la industria de petróleo y gas. Su trayectoria incluye posiciones académicas en la Universidad de Oklahoma, la Universidad de Texas en Austin y la Universidad de Princeton, así como diversos roles en Shell International Exploration and Production Inc. La nominación está alineada con el enfoque de SM Energy en análisis de datos y aprendizaje automático en sus planes de optimización.

SM 에너지 회사Dr. Ashwin Venkatraman을 독립 이사이자 이사회 감사위원회 구성원으로 임명했습니다. 현재 Resermine Inc.의 사장 겸 CEO인 Venkatraman 박사는 석유 및 가스 산업에 특화된 기술, 인공지능 및 엔지니어링 분야에서 폭넓은 전문성을 보유하고 있습니다. 그의 경력에는 오클라호마 대학교, 텍사스 대학교 오스틴 캠퍼스 및 프린스턴 대학교에서의 학술직과 Shell International Exploration and Production Inc.에서의 다양한 역할이 포함되어 있습니다. 이 임명은 SM Energy가 데이터 분석 및 기계 학습에 중점을 두고 최적화 계획을 세우고 있는 것과 일치합니다.

SM Energy Company a nommé Dr. Ashwin Venkatraman en tant que directeur indépendant et membre du Comité d'Audit du Conseil. Le Dr. Venkatraman, actuellement Président et CEO de Resermine Inc., apporte une vaste expertise en technologie, intelligence artificielle et ingénierie dans l'industrie du pétrole et du gaz. Son parcours comprend des postes académiques à l'Université d'Oklahoma, à l'Université du Texas à Austin et à l'Université de Princeton, ainsi que divers rôles chez Shell International Exploration and Production Inc. Cette nomination est en phase avec l'orientation de SM Energy vers l'analyse de données et l'apprentissage automatique dans ses plans d'optimisation.

SM Energy Company hat Dr. Ashwin Venkatraman zum unabhängigen Direktor und Mitglied des Prüfungsausschusses des Vorstands ernannt. Dr. Venkatraman, der derzeit Präsident und CEO von Resermine Inc. ist, bringt umfassende Fachkenntnisse in Technologie, künstlicher Intelligenz und Ingenieurwesen, die speziell auf die Öl- und Gasindustrie ausgerichtet sind. Seine Laufbahn umfasst akademische Positionen an der Universität Oklahoma, der Universität von Texas in Austin und der Princeton University sowie verschiedene Funktionen bei Shell International Exploration and Production Inc. Die Ernennung steht im Einklang mit dem Fokus von SM Energy auf Datenanalytik und maschinelles Lernen in ihren Optimierungsplänen.

Positive
  • Addition of AI and technology expertise to the board through appointment of experienced industry professional
  • Strategic alignment with company's focus on data analytics and machine learning optimization
Negative
  • None.

DENVER, Dec. 2, 2024 /PRNewswire/ -- SM Energy Company (NYSE: SM) today announced that Dr. Ashwin Venkatraman has been appointed to serve as an independent director and as a member of the Audit Committee of the Board of Directors (the "Board").

Chairman of the Board Julio Quintana comments: "We are very pleased to have Ashwin join the SM Energy Board where he will bring an extensive academic background and business experience in technology, artificial intelligence and engineering specific to the oil and gas industry. The SM Energy team aggressively applies data analytics and machine learning into their optimization plans, and Ashwin's expertise will be a valuable addition. Please join me in welcoming Ashwin."

Dr. Venkatraman is President and Chief Executive Officer of Resermine, Inc., a leader in subsurface artificial intelligence and machine learning solutions with a focus on enhancing oil recovery, a company that he founded in 2017. From January 2019 to December 2020, Dr. Venkatraman was an Associate Professor of Petroleum and Geological Engineering at the University of Oklahoma. From 2015 to 2017, Dr. Venkatraman held academic appointments as a Postdoctoral Fellow in The Institute of Computational & Engineering Sciences at The University of Texas at Austin, and as a Postdoctoral Research Associate at Princeton University. During the period from 2004 to 2015, Dr. Venkatraman held various positions of increasing responsibility at Shell International Exploration and Production Inc., including Senior Reservoir Engineer (2009 to 2015); Research Reservoir Engineer (2008 to 2009); Concept Engineer (2007 to 2008); and Operations Engineer, Panna-Mukta Field (2004 to 2006). Dr. Venkatraman earned his Bachelor's and Master's degrees in Technology and Chemical Engineering at the Indian Institute of Technology, Bombay, India, and his Ph.D. in Petroleum Engineering at The University of Texas at Austin.

ABOUT THE COMPANY

SM Energy Company is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil, natural gas, and NGLs in the states of Texas and Utah. SM Energy routinely posts important information about the Company on its website. For more information about SM Energy, please visit its website at www.sm-energy.com.

SM ENERGY INVESTOR CONTACTS

Jennifer Martin Samuels, jsamuels@sm-energy.com, 303-864-2507

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SOURCE SM Energy Company

FAQ

Who is the new board member appointed to SM Energy (NYSE: SM)?

Dr. Ashwin Venkatraman has been appointed as an independent director and member of the Audit Committee of SM Energy's Board of Directors.

What is Dr. Venkatraman's current role outside of SM Energy (NYSE: SM)?

Dr. Venkatraman is the President and CEO of Resermine Inc., a company he founded in 2017 that specializes in subsurface artificial intelligence and machine learning solutions for oil recovery enhancement.

What expertise does Dr. Venkatraman bring to SM Energy's board (NYSE: SM)?

He brings extensive expertise in technology, artificial intelligence, and engineering specific to the oil and gas industry, along with academic and industry experience from institutions like University of Oklahoma, University of Texas, Princeton, and Shell International.

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