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Penn Virginia Corp (PVAC.OQ)

PVAC.OQ on NASDAQ Stock Exchange Global Select Market

45.96USD
20 Apr 2018
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Summary

Name Age Since Current Position

David Geenberg

2018 Co-Chairman of the Board

Darin Holderness

53 2018 Co-Chairman of the Board

John Brooks

55 2017 President, Chief Executive Officer, Director

Steven Hartman

49 2010 Chief Financial Officer, Senior Vice President, Treasurer

Michael Hanna

2018 Independent Director

Jerry Schuyler

61 2016 Independent Director

Biographies

Name Description

David Geenberg

Mr. David Geenberg is Independent Director of the company. He will be appointing Co-Chairman of the Board of the company effective February 28, 2018. Mr. Geenberg is Co-Head of US Investment Team of Strategic Value Partners, LLC ("SVP"), which together with its affiliates manage certain investment funds and accounts that hold approximately 10.2% of the Company's outstanding common stock, respectively. Mr. Geenberg joined SVP in 2009, and since such time, he has led the firm's investment efforts in the infrastructure, energy, and power sectors in North America, serving on the steering committees of more than a dozen significant restructurings. Previously, Mr. Geenberg worked at Goldman, Sachs & Co., most recently in the Infrastructure Investment Group and Principal Investment Area focused on energy and transportation infrastructure businesses, and, prior to that, in the investment bank's Natural Resources Group. Mr. Geenberg received a B.A. in Economics summa cum laude from Dartmouth College in 2005. The board of directors believes Mr. Geenberg's experience in advising and investing in the energy industry will bring value to the Company. In connection with Mr. Geenberg's election to the board of directors, SVP and Mr. Geenberg have entered into a standstill and support agreement with the Company, pursuant to which, among other things, during the standstill period SVP will vote its shares of common stock in favor of the board's recommendation with respect to director nominations and other routine matters submitted to a vote of the Company's Shareholders.

Darin Holderness

Mr. Darin G. Holderness, CPA, is re designated as Co-Chairman of the Board of the Company effective February 28, 2018. Mr. Holderness was the Senior Vice President, Chief Financial Officer and Treasurer of Concho Resources Inc. until May 2016. Mr. Holderness has over 20 years of experience in the energy sector, including nine years with KPMG LLP where his practice was focused in the energy industry, and over 17 years in the industry in increasing roles of responsibility, including serving as Vice President and Controller of Pure Resources, Inc., Vice President and Chief Financial Officer of Basic Energy Services, Inc., Vice President and Chief Accounting Officer of Pioneer Natural Resources Company, and most recently as Senior Vice President and Chief Financial Officer of Eagle Rock Energy Partners, L.P. Mr. Holderness is a 1986 graduate of Boise State University with a Bachelor of Business Administration in Accounting and is a Certified Public Accountant. The Board believes that Mr. Holderness’s prior experience as an executive and his past audit, accounting and financial reporting experience provide significant contributions to our Board.

John Brooks

Mr. John A. Brooks serves as President, Chief Executive Officer, Director of Penn Virginia Corp. He also served as our Executive Vice President, Operations from February 2013 to January 2014, as our Senior Vice President from February 2012 to February 2013, as our Vice President from May 2008 to February 2012, as Vice President and Regional Manager of Penn Virginia Oil & Gas Corporation from October 2007 to February 2012, as Operations Manager of Penn Virginia Oil & Gas Corporation from January 2005 to October 2007 and as Drilling Manager of Penn Virginia Oil & Gas Corporation from February 2002 to January 2005.

Steven Hartman

Mr. Steven A. Hartman is Chief Financial Officer, Senior Vice President, Treasurer of Penn Virginia Corp. He served as our Vice President and Treasurer from July 2006 to December 2010, as our Assistant Treasurer and Treasury Manager from September 2004 to July 2006 and as our Manager, Corporate Development from August 2003 to September 2004. Mr. Hartman also served as Vice President and Treasurer of PVG GP, LLC, the general partner of Penn Virginia GP Holdings, L.P., from September 2006 to June 2010 and of Penn Virginia Resource GP, LLC, the general partner of Penn Virginia Resource Partners, L.P., from July 2006 to June 2010. Prior to joining the Company, Mr. Hartman was employed by El Paso Corporation and its publicly traded spin-off, GulfTerra Energy Partners, L.P., in a variety of financial and corporate-development related positions.

Michael Hanna

Mr. Michael S. Hanna is the Independent Director of the company. Mr. Hanna is a Partner and Portfolio Manager of KLS Diversified Asset Management ("KLS"), which beneficially owns approximately 7.7% of the Company's outstanding common stock. Mr. Hanna joined KLS in July 2015 and has 16 years of investment banking and portfolio management experience. Prior to joining KLS, Mr. Hanna was a Portfolio Manager and Head of Trading at BulwarkBay Investment Group, LLC, a firm he co-founded in 2011. Previously, he was a portfolio manager with Concordia Advisors LLC, where he co-managed the firm's Distressed Debt Fund. Mr. Hanna joined Concordia in 2005. Prior to joining Concordia, he worked in the Leveraged Finance/Financial Sponsors and Global Corporate Investment Banking groups of RBC Capital Markets from 2004 to 2005 and Bank of America Merrill Lynch from 2001 to 2004. Mr. Hanna's industry experience includes oil & gas, industrials, paper and forest products, insurance and financials, aerospace and energy. He is a member of the board of directors of Modular Space Corporation and Sensei, Inc. Mr. Hanna received a B.A. from the University of Michigan in 2001 and is a CFA Charter holder.

Jerry Schuyler

Mr. Jerry R. Schuyler serves as Independent Director of Penn Virginia Corporation. Mr. Schuyler is currently Chairman of the Board of Gastar Exploration Inc. He served as Executive Vice President, Chief Operating Officer and Director of Laredo Petroleum, Inc. beginning in June 2007, was promoted to President and Chief Operating Officer in July 2008 and retired in July 2013. Mr. Schuyler served as an independent director for Yates Petroleum Corporation from December 2015 until the sale of the company in October 2016; an independent director for Rosetta Resources Inc. from December 2013 until the company was sold in July 2015 and an independent director for Gulf Coast Energy Resources, LLC from 2010 until the sale of the company in April 2015. Mr. Schuyler holds a B.S. in Petroleum Engineering from Montana College of Mineral Science and Technology and attended several graduate business courses at the University of Houston. The Board believes that Mr. Schuyler’s prior experience as an executive and director of numerous energy companies provides significant contributions to our Board.

Basic Compensation

Name Fiscal Year Total

David Geenberg

--

Darin Holderness

381,848

John Brooks

1,201,000

Steven Hartman

916,621

Michael Hanna

--

Jerry Schuyler

374,753
As Of  31 Dec 2016

Options Compensation