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Coterra Energy Shuffles Management Team Amid Retirements

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   |    Tuesday,August 16,2022

Coterra Energy Inc. announced current and pending retirements of three executive officers of the Company, along with the promotions of three individuals into executive leadership roles.

Retirements:

• Steven W. Lindeman, Senior Vice President - Production and Operations, will be retiring effective September 30, 2022

• Phillip L. Stalnaker, Senior Vice President - Marcellus Business Unit, will also be retiring effective September 30, 2022

• Francis B. Barron, Senior Vice President and General Counsel has also indicated his intention to retire in the first quarter of 2023 and will transition out of his current role also effective September 30, 2022.

Promotions

Blake Sirgo has been promoted to Senior Vice President - Operations effective October 1, 2022, replacing Mr. Lindeman.

• About Sirgo: Mr. Sirgo has been with the Company since 2008, most recently serving as Vice President - Operations. In his new role he will be responsible for Environmental, Health and Safety (EHS), Marketing, Production, and aspects of Operations. Mr. Sirgo is a graduate of The University of Texas with a petroleum engineering degree.

Gary Hlavinka has been promoted to Vice President, Marcellus Business Unit, to replace Mr. Stalnaker.

• About Hlavinka: Mr. Hlavinka has a 33-year career with Company, the last 13 of which were served in the Marcellus Business Unit, most recently as Operations Manager. In that role Hlavinka was in charge of Engineering, Production and the day-to-day relationship with the Williams Companies, which gathers Coterra's natural gas in the Marcellus. Mr. Hlavinka is a graduate of Texas A&M University with a chemical engineering degree.

Additionally, Adam Vela has been promoted to Vice President - General Counsel effective October 1, 2022, replacing Mr. Barron.

• About Vela: Mr. Vela has a 17-year career with the Company and has previously served as Assistant General Counsel primarily responsible for litigation and advising business units on legal matters related to operations, leasing, royalties, safety and other matters. Mr. Vela is a graduate of Wabash College in Crawfordsville, Indiana and received his Juris Doctorate from the University of Denver.

2023 Development Plan

Category	2022	2023 Est. Initial	Updated 2023 Guidance	%Difference (2022 vs 2023)
Total Capital Expenditure($mm)

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