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Centennial Resource Development Details Changes to Board

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   |    Wednesday,July 28,2021

Centennial Resource Development, Inc. announced that Vidisha Prasad has been appointed to its Board of Directors, effective immediately.

Ms. Prasad will serve as a member of the Audit Committee and Nominating, Environmental, Social and Governance Committee.

Additionally, Karl Bandtel announced his retirement from the Board, also effective today.

About Prasad

Ms. Prasad is the Managing Partner of Adya Partners, a multi-strategy investment and advisory firm focused on private secondary investments, early-stage venture capital and strategic advisory in the energy, energy transition and technology sectors. Ms. Prasad brings nearly two decades of experience in energy investments, strategic and Board advisory, corporate mergers, asset acquisitions and divestitures, capital markets and restructuring. She has been involved in the execution and origination of more than $80 billion of domestic and cross-border M&A advisory, leveraged buyouts and capital raising transactions across the US, Europe and Asia. Prior to founding Adya Partners, Ms. Prasad was a founding member of Guggenheim Securities' Energy Investment Banking practice. Prior to that, she was a member of Citi's Global Energy Investment Banking Group. Ms. Prasad serves on the Energy 2.0 Committee of the Greater Houston Partnership and the Transportation Implementation Committee of the Houston Climate Action Plan. She also serves on the Board of the Grammy award winning Houston Chamber Choir, where she chairs the Development Committee. She graduated with a Bachelor of Arts in Economics from the University of Rochester.

2021 Development Plan

Category	2020	2021 Est. Initial	Updated 2021 Guidance	%Difference (2020vs 2021)
Total Capital Expenditure($mm)

Wells Completed/Frac(gross)

Production Daily Equivalent(boe/d)
Production Oil(bbls/d)

 Click here for More Planned 2021 Activity