People: Penn Virginia Corp (PVA)
PVA on New York Consolidated
4.71USD
19 Jun 2013
4.71USD
19 Jun 2013
Price Change (% chg)
$0.05 (+1.07%)
$0.05 (+1.07%)
Prev Close
$4.66
$4.66
Open
$4.72
$4.72
Day's High
$4.75
$4.75
Day's Low
$4.66
$4.66
Volume
877,380
877,380
Avg. Vol
1,564,031
1,564,031
52-wk High
$7.74
$7.74
52-wk Low
$3.56
$3.56
Summary
| Name | Age | Since | Current Position |
|---|---|---|---|
Edward Cloues |
65 | 2011 | Independent Chairman of the Board |
H. Baird Whitehead |
61 | 2011 | President, Chief Executive Officer, Director |
Steve Hartman |
45 | 2010 | Chief Financial Officer, Senior Vice President |
Nancy Snyder |
59 | 2008 | Executive Vice President, Chief Administrative Officer, General Counsel, Corporate Secretary |
John Brooks |
51 | 2013 | Executive Vice President - Operations |
John Clarke |
2009 | Independent Director | |
Steven Krablin |
63 | 2010 | Independent Director |
Marsha Perelman |
62 | 1998 | Independent Director |
Philippe van Marcke de Lummen |
69 | 2006 | Independent Director |
Gary Wright |
67 | 2003 | Independent Director |
Biographies
| Name | Description |
|---|---|
Edward Cloues |
Mr. Edward B. Cloues, II, has served as Independent Chairman of the Board of Penn Virginia Corp since May 2011. He also serves as the non-executive Chairman of the Board of each of AMREP Corporation (director since September 1994 and Chairman since January 1996) and Penn Virginia Resource GP, LLC, the general partner of Penn Virginia Resource Partners, L.P. (director since January 2003 and Chairman since July 2011). Mr. Cloues also serves on the board of directors of Hillenbrand, Inc. (since April 2010). Mr. Cloues served as Chairman of the Board and Chief Executive Officer of K-Tron International, Inc., a provider of material handling equipment and systems, from January 1998 until its sale in April 2010, and was a director of that company from July 1985 to April 2010. Prior to joining K-Tron International, Inc. as its Chairman of the Board and Chief Executive Officer, Mr. Cloues was a Partner at Morgan, Lewis & Bockius LLP, a global law firm, from October 1979 to January 1998. As a former law firm partner specializing in business law matters, the former Chairman of the Board and Chief Executive Officer of K-Tron International, Inc. and a director of multiple public companies, Mr. Cloues has leadership experience and familiarity with complex mergers and acquisitions and other transactions, as well as considerable background in financial, strategic, corporate governance and executive compensation matters. |
H. Baird Whitehead |
Mr. H. Baird Whitehead is President, Chief Executive Officer, Director of Penn Virginia Corp. Mr. Whitehead has served as Chief Executive Officer since May 2011, as President since February 2011 and as President of Penn Virginia Oil & Gas Corporation since January 2001. He also served as Chief Operating Officer from February 2009 to May 2011 and as Executive Vice President from January 2001 to February 2011. Prior to joining the Company, Mr. Whitehead served in various positions with Cabot Oil & Gas Corporation, or “Cabot.” From 1998 to 2001, Mr. Whitehead served as Senior Vice President during which time he oversaw Cabot’s drilling, production and exploration activity in the Appalachian, Rocky Mountain, Mid-Continent and Texas and Louisiana Gulf Coast areas. From 1992 to 1998, Mr. Whitehead served as Vice President and Regional Manager of Cabot’s Appalachian business. From 1989 to 1992, Mr. Whitehead served as Vice President and Regional Manager of Cabot’s Anadarko business unit. Mr. Whitehead has served in senior management positions with oil and gas exploration and production companies for over 20 years. His broad experience in the exploration and production industry and detailed knowledge of operations lends critical support to the Board’s decision making process. |
Steve Hartman |
Mr. Steven A. Hartman is Chief Financial Officer, Senior Vice President of Penn Virginia Corp since December 2010. He served as Vice President and Treasurer from July 2006 to December 2010, as Assistant Treasurer and Treasury Manager from September 2004 to July 2006 and as Manager, Corporate Development from August 2003 to September 2004. Mr. Hartman also served as Vice President and Treasurer of PVG GP, LLC, the general partner of Penn Virginia GP Holdings, L.P., from September 2006 to June 2010 and of Penn Virginia Resource GP, LLC, the general partner of Penn Virginia Resource Partners, L.P., from August 2003 to June 2010. Prior to joining the Company, Mr. Hartman was employed by El Paso Corporation and its publicly traded spin-off, GulfTerra Energy Partners, L.P., in a variety of financial and corporate-development related positions. |
Nancy Snyder |
Ms. Nancy M. Snyder is Executive Vice President, Chief Administrative Officer, General Counsel, Corporate Secretary of Penn Virginia Corp. Ms. Snyder has served as Executive Vice President since May 2006, as Chief Administrative Officer since May 2008, as Senior Vice President from February 2003 to May 2006, as Vice President from December 2000 to February 2003 and as General Counsel and Corporate Secretary since September 1997. Ms. Snyder also served as Vice President and General Counsel of PVG GP, LLC, the general partner of Penn Virginia GP Holdings, L.P., from September 2006 to June 2010 and as Chief Administrative Officer from May 2008 to June 2010 and as Vice President and General Counsel of Penn Virginia Resource GP, LLC, the general partner of Penn Virginia Resource Partners, L.P., from July 2001 to June 2010 and as Chief Administrative Officer from May 2008 and June 2010. |
John Brooks |
Mr. John A. Brooks is Executive Vice President - Operations of Penn Virginia Corp. He has served as Senior Vice President of the Company since February 2012 and as Vice President and Regional Manager of Penn Virginia Oil & Gas Corporation since October 2007. He also served as Vice President of the Company from May 2008 to February 2012, as Operations Manager of Penn Virginia Oil & Gas Corporation from January 2005 to October 2007 and as Drilling Manager of Penn Virginia Oil & Gas Corporation from February 2002 to January 2005. |
John Clarke |
Mr. John U. Clarke has served as Independent Director of Penn Virginia Corp. Mr. Clarke has been a Partner with Turnbridge Capital, LLC, an energy-focused private equity investment firm, since May 2011. He has also served as President of Concept Capital Group, Inc., a financial and strategic consulting firm founded by him in 1995, since November 2009, a position he also held from 2001 to 2004 and from 1995 to 1996. From 2004 until its sale in November 2009, Mr. Clarke served as Chairman and Chief Executive Officer of NATCO Group Inc., an oil services company. Previously, Mr. Clarke served as Managing Director of SCF Partners, a private equity investment firm (2000 to 2001), Executive Vice President and Chief Financial Officer of Dynegy, Inc., an energy trading company (1997 to 2000), Managing Director of Simmons & Co. International, an energy investment banking firm (1996 to 1997), and Executive Vice President and Chief Financial and Administrative Officer of Cabot Oil & Gas Corporation, an oil and gas exploration and production company (1993 to 1995). He was employed by Transco Energy Company, an interstate pipeline company, from 1981 to 1993, last serving as Senior Vice President and Chief Financial Officer, and by Tenneco Inc., an interstate pipeline company, from 1977 to 1981 in the finance department. Mr. Clarke currently serves on the board of directors of Tesco Corporation (since August 2011). In the last five years, he has also served on the boards of directors of Harvest Natural Resources, Inc. (October 2000 to May 2008), The Houston Exploration Company (December 2003 to June 2007) and NATCO Group Inc. (February 2000 to November 2009). Mr. Clarke has served for over 30 years as a director or executive officer at numerous companies engaged in several businesses in or related to the energy industry. |
Steven Krablin |
Mr. Steven W. Krablin is Independent Director of Penn Virginia Corp. Mr. Krablin served as President, Chief Executive Officer and Chairman of the Board of T-3 Energy Services, Inc., a provider of a broad range of oilfield products and services used in the drilling and completion of new oil and gas wells, the workover of existing wells and the production and transportation of oil and gas, from March 2009 until its sale in January 2011. He was a private investor from April 2005 to March 2009. From April 2008 to August 2008, Mr. Krablin served as Executive Vice President and Chief Financial Officer of IDM Group Limited, a provider of drilling equipment and other goods and services to the oil and gas industry. From January 1996 to his retirement in April 2005, Mr. Krablin served as Senior Vice President and Chief Financial Officer of National-Oilwell, Inc., a manufacturer and distributor of oil and gas drilling equipment. From 1986 to 1996, Mr. Krablin was employed by Enterra Corporation, a provider of rental and fishing tools to the oil and gas industry, last serving as Vice President and Chief Financial Officer.Mr. Krablin currently serves on the boards of directors of Chart Industries, Inc. (since July 2006) and Hornbeck Offshore Services, Inc. (since August 2005). He also previously served as a director of from December 2004 to March 2009. Mr. Krablin has energy industry experience, having served as the chief executive officer of an oilfield products company and as the chief financial officer of several oil and gas equipment companies. |
Marsha Perelman |
Ms. Marsha Reines Perelman has served as Independent Director of Penn Virginia Corp. Ms. Perelman has served as Chief Executive Officer of Woodforde Management, Inc., a holding company founded by her, since 1993. From 1983 to 1990, Ms. Perelman served as President of Clearfield Ohio Holdings, Inc., a gas gathering and distribution company co-founded by her, and as Vice President of Clearfield Energy, Inc., a crude oil gathering and distribution company co-founded by her. Ms. Perelman currently serves on the board of directors of Penn Virginia Resource GP, LLC, the general partner of Penn Virginia Resource Partners, L.P. (since May 2005). Ms. Perelman’s background in the energy and other industries has enabled her to contribute significantly to strategic direction. In addition, Ms. Perelman’s professional and personal contacts have helped the Nominating and Governance Committee identify and recruit director candidates. |
Philippe van Marcke de Lummen |
Mr. Philippe van Marcke de Lummen has served as Independent Director of Penn Virginia Corp. Mr. van Marcke has served as President of Universitas, Ltd., a manager of funds for the benefit of Belgian universities, since 2007 and as Secretary of Universitas, Ltd. from 1995 to 2007. He has also worked as a private consultant since 2004. From 2005 to 2008, Mr. van Marcke was an advisor to Cheniere Energy, Inc., a liquefied natural gas terminal business. Prior to his work with Cheniere, Mr. van Marcke served as Founder and Chairman of Tractebel LNG Trading S.A., a global energy and services business (2002 to 2004), as Founder and Chief Executive Officer of Tractebel LNG Ltd. (London) (2001 to 2002), as Executive Vice President, President of Strategy Committee and Head of Mergers and Acquisitions of Tractebel North America, Inc. (1999 to 2001), as Founder and Chief Executive Officer of Tractebel Energy Marketing, Inc. (1996 to 1999) and as President of American Tractebel Corporation (1990 to 1996). Mr. van Marcke has an background in the energy industry, specifically including the oil and gas industry and the liquefied natural gas (LNG) industry. Mr. van Marcke also has substantial experience working with foreign and multinational organizations. Mr. van Marcke’s background and experiences provides the Board with a unique perspective and diverse viewpoint on the oil and gas industry. |
Gary Wright |
Mr. Gary K. Wright has served as Independent Director of Penn Virginia Corp. Mr. Wright has acted as an independent consultant since 2004. From 2003 to 2004, he served as President of LNB Energy Advisors, a provider of bank credit facilities and strategic advice to small to mid-sized oil and gas producers. From 2001 to 2003, Mr. Wright was an independent consultant to the energy industry. From 1992 to 2001, Mr. Wright served in various capacities with the Global Oil and Gas Group of Chase Manhattan Bank, including as North American Credit Deputy from 1998 to 2001 and as Managing Director and Senior Client Manager in the Southwest from 1992 to 1998. Prior to joining Chase Manhattan Bank, Mr. Wright served as Manager of the Chemical Bank Worldwide Energy Group (1990 to 1992), as Manager of Corporate Banking with Texas Commerce Bank (1987 to 1990) and as Manager of the Energy Group of Texas Commerce Bank (1982 to 1990). In the last five years, Mr. Wright has served on the board of directors of Maritrans Inc. (April 2006 to January 2007). Mr. Wright has broad experience providing financial and strategic advice to oil and gas producers and other companies in the energy business. |
Basic Compensation
| Name | Fiscal Year Total |
|---|---|
Edward Cloues |
-- |
H. Baird Whitehead |
1,874,590 |
Steve Hartman |
960,998 |
Nancy Snyder |
1,292,600 |
John Brooks |
676,997 |
John Clarke |
-- |
Steven Krablin |
-- |
Marsha Perelman |
-- |
Philippe van Marcke de Lummen |
-- |
Gary Wright |
-- |
As Of 30 Dec 2011
Options Compensation
| Name | Options | Value |
|---|---|---|
Edward Cloues |
0 | 0 |
H. Baird Whitehead |
118,000 | 2,941,190 |
Steve Hartman |
0 | 0 |
Nancy Snyder |
117,200 | 3,584,720 |
John Brooks |
0 | 0 |
John Clarke |
0 | 0 |
Steven Krablin |
0 | 0 |
Marsha Perelman |
0 | 0 |
Philippe van Marcke de Lummen |
0 | 0 |
Gary Wright |
0 | 0 |
| Name | Shares Traded | Price |
|---|---|---|
PERELMAN MARSHA REINES |
6,806 | $0.00 |
CLOUES EDWARD B II |
3,403 | $0.00 |
VAN MARCKE PHILIPPE DE LUMMEN |
6,806 | $0.00 |
CLARKE JOHN U |
5,724 | $0.00 |
KRABLIN STEVEN W |
6,806 | $0.00 |
SNYDER NANCY M |
3,332 | $0.00 |
WHITEHEAD HARRY BAIRD III |
5,810 | $0.00 |
SNYDER NANCY M |
8,265 | $0.00 |
WHITEHEAD HARRY BAIRD III |
12,155 | $0.00 |
HARTMAN STEVEN A |
5,834 | $0.00 |
HARTMAN STEVEN A |
6,688 | $0.00 |
BROOKS JOHN A |
4,292 | $0.00 |
SNYDER NANCY M |
8,613 | $0.00 |
WHITEHEAD HARRY BAIRD III |
13,860 | $0.00 |
VAN MARCKE PHILIPPE DE LUMMEN |
4,535 | $0.00 |
CLARKE JOHN U |
4,393 | $0.00 |
KRABLIN STEVEN W |
4,535 | $0.00 |
CLOUES EDWARD B II |
4,535 | $0.00 |
PERELMAN MARSHA REINES |
4,535 | $0.00 |
HARTMAN STEVEN A |
1,667 | $0.00 |
WHITEHEAD HARRY BAIRD III |
5,000 | $4.18 |
BROOKS JOHN A |
1,000 | $4.15 |
BROOKS JOHN A |
1,000 | $4.16 |
HARTMAN STEVEN A |
3,000 | $4.50 |
SONNEN JOAN C |
3,000 | $4.60 |

