Margaret Dorman Appointed as Range Director
July 01 2019 - 4:00PM
RANGE RESOURCES CORPORATION (NYSE:
RRC) announced today that Margaret K. Dorman has
been appointed to the Company's Board of Directors. Ms.
Dorman’s appointment is effective July 1 and was mutually agreed
upon by the Company’s Board of Directors and SailingStone Capital
Partners, LLC. Ms. Dorman will serve on the Board’s audit
committee.
Ms. Dorman has 30 years of experience in the
energy industry, largely focused in the oilfield service and
equipment sector. In 2009, she retired as the Executive Vice
President, Chief Financial Officer and Treasurer of Smith
International, Inc. (now part of Schlumberger Limited) after
spending more than a decade in that role. Previously, she held
management positions at Landmark Graphics, prior to its acquisition
by Halliburton Corporation, and Ernst & Young. Ms. Dorman also
has significant board and committee experience. She has served as
an independent director of Equitrans Midstream Corporation since
the November 2018 separation from EQT Corporation and, for the
previous seven years, as an independent director of EQT
Corporation. She currently is a member of the audit committee of
Equitrans Midstream and chairs the management development and
compensation committee. Additionally, Ms. Dorman is a director of
privately-held Rubicon Oilfield International, where she serves as
chair of the audit committee and a member of the compensation
committee.
“Ms. Dorman brings significant financial
expertise and a strong background in the oil and gas industry to
our Board. We are confident Margaret’s background in finance and
extensive industry experience will be an asset to Range as we focus
on translating our world-class Marcellus Shale position into
shareholder value,” said Jeff Ventura, CEO and President of Range
Resources.
Greg Maxwell, Range’s Chairman, added, “The
Range Board is committed to an active and ongoing Board refreshment
process, which is critical to maintaining deep industry knowledge
and diverse expertise to provide robust oversight. We believe
adding an independent director with Ms. Dorman’s experience,
coupled with Board changes we have made over the last several
years, shows Range’s commitment to best corporate governance
practices.”
RANGE RESOURCES CORPORATION (NYSE:
RRC) is a leading U.S. independent natural gas, NGL and
oil producer with operations focused in stacked-pay projects in the
Appalachian Basin and North Louisiana. The Company pursues an
organic development strategy targeting high return, low-cost
projects within its large inventory of low risk development
drilling opportunities. The Company is headquartered in Fort Worth,
Texas. More information about Range can be found at
www.rangeresources.com.
Range Investor Contact:
Laith Sando, Vice President – Investor
Relations817-869-4267lsando@rangeresources.com
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