EGC Announces Gary Hanna As New Chairman of the Board
02 Avril 2018 - 12:45PM
Energy XXI Gulf Coast, Inc. ("EGC" or the "Company")
(NASDAQ:EGC) today announced that the Board of Directors (the
“Board”) has appointed Gary C. Hanna as a member of EGC’s Board
effective March 29, 2018 and has also named him Chairman.
Douglas E. Brooks, EGC’s Chief Executive Officer
and President commented, “On behalf of our Board of Directors, we
welcome Gary to EGC following a robust process led by our
Nomination and Governance Committee to identify a new leader for
our Board. His extensive senior executive and board
experience at exploration and production companies operating both
offshore and onshore, as well as with the plugging and abandonment
sector of the oil field services industry will be particularly
valuable to us. In addition, Gary’s service as Chief Executive
Officer of EPL Oil & Gas, Inc., a significant player in the
Gulf of Mexico, as it emerged from bankruptcy until its acquisition
by EGC in 2014, gives him deep knowledge and a substantial
understanding of a large portion of our assets. This experience
will be welcome as we pursue our strategy recently implemented with
the beginning of our 2018 drilling program. Our management
team is excited to work with Gary as he leads our Board
forward.”Michael Reddin, EGC’s former Chairman of the Board, will
remain on the Board until EGC’s upcoming Annual Meeting of
Stockholders. As previously disclosed, Mr. Reddin decided to not
stand for re-election following the end of this term. Brooks
continued, “Mike Reddin served a key role after EGC emerged from
restructuring. We would like to thank Mike for the dedication,
commitment and contributions he has made to the Company not only
with his Board leadership, but also serving as Interim CEO last
year.”Gary Hanna has over thirty years of executive experience in
the E&P and oil service sectors, with extensive experience in
the U.S. Gulf of Mexico region. Mr. Hanna currently serves as
Chairman of the Board for Rosehill Resources and over the past two
years has served as a member of the boards of directors of Hercules
Offshore, Inc. and Aspire Holdings Corp. Previously he served as
Chief Executive Officer and Chairman of KLR Energy from 2015 to
2017. As noted above, from 2009 until 2014, Mr. Hanna served as the
Chief Executive Officer of EPL, until it was acquired by EGC in
June 2014, and was elected as a director of EPL in 2010 and
Chairman in 2013. Other positions held by Mr. Hanna include:
President and Chief Executive Officer of Admiral Energy Services;
Senior Vice President at Tetra Technologies, Inc.; President and
Chief Executive Officer of Tetra’s affiliate, Maritech Resources,
Inc.; President of Tetra Applied Technologies, Inc., another Tetra
affiliate; President and Chief Executive Officer of Gulfport Energy
Corporation; Chief Operations Officer for DLB Oil & Gas, Inc.;
and President and Chief Executive Officer of Hanna Oil Properties,
Inc. Mr. Hanna holds a B.B.A. in Economics from the University of
Oklahoma. About the Company
Energy XXI Gulf Coast (EGC) is an exploration
and production company headquartered in Houston, Texas that is
engaged in the development, exploitation and acquisition of oil and
natural gas properties in conventional assets in the U.S. Gulf
Coast region, both offshore in the Gulf of Mexico and onshore in
Louisiana and Texas. To learn more, visit EGC’s website at
www.energyxxi.com.
Investor Relations ContactAl
PetrieInvestor Relations Coordinator
713-351-3171apetrie@energyxxi.com
Argelia HernandezInvestor Relations Specialist
713-351-3175ahernandez@energyxxi.com
Energy XXI Gulf Coast, Inc. (NASDAQ:EXXI)
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