Ovintiv Inc. announced that Peter A. Dea will succeed Clayton H. Woitas, 71, as its chairman of the board.
Ovintiv President Michael McAllister also announced plans to retire after 20 years with the company. Upon McAllister's retirement, CEO Doug Suttles will assume the responsibilities of president.
Following Woitas' retirement, Ovintiv will reduce the board from 12 directors to 11, with 10 classified as independent. Both changes are effective June 30, 2020.
About Dea
Dea, who has more than 30 years of experience in the exploration and production (E&P) industry, will assume leadership of the Ovintiv board, where he has been a member since 2010. Throughout his career, Dea has successfully led both public and private E&P companies and has extensive board experience. Previously, he served as CEO of Barret Resources (1999-2001); president and CEO of Western Gas Resources (2001-2006); currently president and CEO of Cirque Resources LP (since 2007); and executive chairman of Confluence Resources LP (since 2016). He has a bachelor of arts in geology from Western Colorado University and a master of science in geology from the University of Montana.
Category | 2023 | 2024Est. Initial | Updated 2024 Guidance | %Difference (2023 vs 2024) |
Total Capital Expenditure($mm) |
Production Oil(bbls/d) |
Related Categories :
People-Retirement
More People-Retirement News
-
ExxonMobil Brings On New VP / Treasurer
-
Ezra Yacob Takes Chairman Role at EOG; Bill Thomas Retires
-
Devon Chairman Hager to Retire; Barbara Baumann Named to Top Spot
-
Shell CEO van Beurden to Step Down; Wael Sawan Tapped as Successor
-
Coterra Energy Shuffles Management Team Amid Retirements
Canada News >>>
-
Seventeen (17) E&Ps; To Use 47 Frac Crews To Complete 2,800 Wells In 2024
-
These Permian Operators Plan to Complete/Frac 2,100 Wells IN 2024
-
Large E&P Chops Permian/Anadarko Basin Frac Activity by 30% In 2024
-
Permian E&P Ups 2024 Well Completed by +27% vs. 2023
-
Contrary to The Noise, U.S. Oil Production will Likely Growth 4-5% In 2024; A look Inside -