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PDC Energy Makes Changes to Board of Directors

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   |    Monday,February 22,2021

PDC Energy, Inc. has appointed Diana L. Sands to its board of directors on February 18, 2021.

Ms. Sands brings over 30 years of experience in complex and dynamic environments to PDC, having held senior executive finance and governance positions across multiple industries. Ms. Sands most recently served as Executive Officer and Senior Vice President, Office of Internal Governance and Administration at The Boeing Company, a position she retired from in 2020.

New Nomination

Further, the Board determined that it will nominate Carlos A. Sabater for election at its upcoming 2021 Annual Meeting of Stockholders, which is expected to be held in May.

During his extensive career of nearly 40 years at Deloitte Touche Tohmatsu Limited, Mr. Sabater served in various senior leadership and operational roles, including CEO for both the U.S. and global audit practices. Mr. Sabater retired from Deloitte as Senior Global Partner in 2020.

Two Directors to Retire

On February 17, 2021, directors Anthony J. Crisafio and Randy S. Nickerson notified PDC that they plan to retire from the Board at the end of their current terms.

Crisafio served on PDC’s board for 15 years, including the past four years as chairman of the audit committee, playing an integral part in the Company’s implementation of its Enterprise Resource Planning system, among other accomplishments including increased efforts related to automation.

Nickerson served on the Board for four years and as a member of both the compensation and nominating and governance committees, while also adding meaningful midstream expertise and helping the Company generate significant value through the divestiture of its Delaware Basin midstream assets.

2021 Development Plan

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

Rig Count

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

 Click here for More Planned 2021 Activity