Penn West Exploration announces the appointments of Mr. Rick George as
Chairman of the Board and Mr. Allan Markin as Vice-Chairman of the Board
CALGARY, Alberta, May 6, 2013
CALGARY, Alberta, May 6, 2013 /PRNewswire/ --
PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE) ("PENN WEST") is pleased to
announce that effective immediately it has added two of the energy industry's
most successful and distinguished leaders to its Board of Directors ("the
Board") with the appointment of Mr. Rick George, as Chairman, and Mr. Allan
Markin, as Vice-Chairman. Mr. George was instrumental in the building of one
of Canada's most successful energy companies, Suncor Energy Inc. ("Suncor").
Mr. Markin was prominent in the growth of one of the largest independent
energy companies in the world, Canadian Natural Resources ("CNRL"). Mr. Jack
Schanck, who has acted as Chair on an interim basis, will remain on the Board.
Mr. Bill Andrew remains on the Board and will share the Vice-Chairman duties
with Mr. Markin.
Mr. Rick George, O.C., served as a director and the President and Chief
Executive Officer of Suncor from 1991 to 2012. During his tenure at Suncor,
Mr. George showed exceptionally strong leadership in transforming the company
from an oil sands pioneer into Canada's largest energy company. Mr. George is
currently a director of the Royal Bank of Canada and Anadarko Petroleum
Corporation and a partner of Novo Investment Group (an investment management
company). Mr. George holds a Bachelor of Science degree in engineering from
Colorado State University, a law degree from the University of Houston Law
School and is a graduate of the Harvard Business School Program for Management
Development. Mr. George is an Officer of the Order of Canada.
Mr. Allan Markin, O.C., A.O.E. served as a director and the Chairman of the
Board of CNRL from 1989 to 2012. Over that time, he was instrumental in the
growth and success of the company as it progressed from a junior producer to
one of Canada's largest and strongest energy companies. He holds a Bachelor of
Science degree in Chemical Engineering from the University of Alberta and is
the recipient of numerous honorary degrees. He has been recognized by the
Order of Canada, the Alberta Order of Excellence and the Calgary Business Hall
of Fame. He has received the Pinnacle Award of Business Excellence in Alberta,
was named Calgary's Citizen of the Year in 2004 and is widely-known for his
These Board appointments are an important step for the future of Penn West.
Mr. George and Mr. Markin are two of the energy industry's most accomplished
company builders and bring a wealth of experience, leadership and wisdom to
the Penn West Board.
Penn West shares are listed on the Toronto Stock Exchange under the symbol PWT
and on the New York Stock Exchange under the symbol PWE.
For further information:
PENN WEST EXPLORATION Penn West Plaza Suite 200, 207 -9th Avenue SWCalgary,
Alberta T2P 1K3
Phone: +1-403-777-2500 Fax: +1-403-777-2699Toll Free: 1-866-693-2707 Website:
Investor Relations:Toll Free: 1-888-770-2633 E-mail:
Murray Nunns, President & Chief Executive Officer Phone: +1-403-218-8939
Clayton Paradis, Manager, Investor Relations Phone: +1-403-539-6343 E-mail:
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