WPX Energy (NYSE:WPX) announced that Kelt Kindick has been elected to the company's board of directors. This increases the size of WPX's board to 11.
Kindick is a senior advisor with Bain & Company and previously served as the firm's chief financial officer. He has more than 25 years experience working with senior management teams.
'We're very pleased to attract such sound, proven leadership to our board as we continue to develop world-class oil and gas resources,' said Ralph A. Hill, WPX president and chief executive officer.
'Kelt's background in finance, accounting and management consulting provides added strength to our board, highlighting our commitment to financial discipline and a top-tier balance sheet,' Hill added.
In addition to the WPX board, Kindick also serves as the lead director of The Advisory Board Company and is a director of Beacon Health Strategies.
He earned an M.B.A. from Harvard Business School in 1980 and is a 1976 graduate of Franklin & Marshall College in Lancaster, Pa.
Kindick will serve on WPX's audit committee along with Robert K. Herdman, John A. Carrig and William G. Lowrie. Ten of WPX's board members are independent. The sole inside director is Ralph Hill.
This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More
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Source: http://feeds.oilvoice.com/~r/NorthAmericaHeadlines/~3/LbpubSKDvMM/dbec577546da.aspx
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