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

Rhea-AI Summary

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.

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

View original content to download multimedia:https://www.prnewswire.com/news-releases/sm-energy-appoints-dr-ashwin-venkatraman-to-the-companys-board-of-directors-302319922.html

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.