People: Centennial Resource Development Inc (CDEV.OQ)
23 Apr 2019
Mr. Mark G. Papa is Chairman of the Board, Chief Executive Officer of the Company. Mr. Papa is also an advisor to Riverstone Holdings, LLC, a private equity firm specializing in energy investments (together with its affiliates, “Riverstone”). We currently anticipate that Mr. Papa will spend approximately 90% of his working time providing services to us as our Chairman and Chief Executive Officer and approximately 10% of his working time providing services to Riverstone on matters unrelated to the Company. Prior to joining Riverstone in February 2015, Mr. Papa was Chairman and CEO of EOG Resources, Inc. (NYSE: EOG), an independent U.S. oil and gas company (“EOG”), from August 1999 to December 2013. Mr. Papa served as a member of EOG’s board of directors from August 1999 until December 2014. Mr. Papa worked at EOG for 32 years in various management positions. Mr. Papa was retired from December 2013 through February 2015. Prior to joining EOG, Mr. Papa worked at Conoco Inc. for 13 years in various engineering and management positions. Mr. Papa has also served on the board of Schlumberger Limited (NYSE: SLB), an international oilfield services company, since October 2018 and Casa de Esperanza, a non-profit organization serving children in crisis situations, since November 2006. Mr. Papa previously served on the board of Oil States Industries (NYSE: OIS), an international oilfield services company, from February 2001 to August 2018. In February 2010 and 2013, the Harvard Business Review cited Mr. Papa as one of the 100 Best Performing CEOs in the World; both times Mr. Papa was the highest ranked Global Energy CEO. Additionally, Institutional Investor magazine repeatedly ranked him as the Top Independent E&P CEO. He received his B.S. in petroleum engineering from the University of Pittsburgh and an MBA from the University of Houston.
|Total Annual Compensation, USD||1,173,300|
|Restricted Stock Award, USD||23,935|
|Long-Term Incentive Plans, USD||--|
|All Other, USD||1,496,000|
|Fiscal Year Total, USD||2,693,240|