Cobalt: Two Board Members Resign

Cobalt International Energy, Inc. announced the resignation of Kenneth A. Pontarelli and Peter R. Coneway from its Board of Directors, each effective yesterday, January 28.

Pontarelli is a Managing Director in the Merchant Banking Division of Goldman, Sachs & Co. and has been a Director of Cobalt since the Company’s inception in November 2005. Coneway is a Managing Director of Riverstone LLC and has been a Director of Cobalt since October 2009.

As a result of these resignations, the size of the Board has been reduced from eleven to nine Directors. The two founding sponsors who remain represented on Cobalt’s Board control a combined total of approximately ten percent of Cobalt’s outstanding shares.

Joseph H. Bryant, Cobalt’s Chairman and Chief Executive Officer, commented: “The advice, counsel and support of Goldman Sachs and Riverstone will be greatly missed on our Board. Over the past eight years, their unwavering confidence in Cobalt has had a direct influence on our status today as one of the world’s pre-eminent exploration and production companies. On an individual basis, Ken and Pete’s contributions and guidance over the years have made an immeasurable impact on the success of Cobalt. I personally extend my deepest gratitude to Ken and Pete for their steadfast commitment to Cobalt’s long-standing values and vision, and wish each of them all the best in their current and future endeavors.”

Press Release, January 29, 2014

Share this article

Follow Offshore Energy Today

Events>

<< Jul 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

Uganda International Oil and Gas Summit 2019

Uganda International Oil & Gas Summit will once again examine the industry’s developments…

read more >

8th OIL & GAS AFRICA 2019 CONFERENCE

OIL & GAS AFRICA is one of the most prime regional & international Oil and Gas conferences in East Africa…

read more >

Gas Indonesia Summit 2019

Gas Indonesia Summit & Exhibition is returning for the fourth edition in Jakarta…

read more >

Shanghai Int Petrochemical and Offshore Oil & Gas and Chemical Industry Technology and Equipment Exhibition 2019

cippe Shanghai has attracts both…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply