People: Penn West Petroleum Ltd (PWE)

PWE on New York Consolidated

9.78USD
21 May 2013
Price Change (% chg)

$-0.07 (-0.71%)
Prev Close
$9.49
Open
$9.72
Day's High
$9.86
Day's Low
$9.66
Volume
2,319,015
Avg. Vol
2,908,051
52-wk High
$16.70
52-wk Low
$8.59

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Summary

Name Age Since Current Position

Richard George

 62 2013 Chairman of the Board

Murray Nunns

 2011 President, Chief Executive Officer, Director

Allan Markin

 2013 Vice Chairman of the Board

Todd Takeyasu

 2008 Chief Financial Officer, Executive Vice President

David Middleton

 2013 Executive Vice President - Operations Engineering, Managing Director of Peace River Oil Partnership

S. Keith Luft

 2008 Senior Vice President - Stakeholder Relations, General Counsel

Mark Fitzgerald

 2011 Senior Vice President - Development

Gregg Gegunde

 2012 Senior Vice President - Production

Bob Shepherd

 2011 Senior Vice President - Enhanced Oil Recovery and Cordova Joint Venture

Robert Wollmann

 2012 Senior Vice President - Exploration

William Andrew

 2013 Director

James Allard

 69 2006 Independent Director

George Brookman

 65 2005 Independent Director

Daryl Gilbert

 2008 Independent Director

Shirley McClellan

 70 2007 Independent Director

N. Frank Potter

 2006 Independent Director

Jack Schanck

 2013 Independent Director

James Smith

 61 2005 Independent Director
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Biographies

Name Description

Richard George

 Mr. Richard L. George has been appointed as Chairman of the Board of Penn West Petroleum Ltd., with effect from May 5, 2013. He 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 leadership in transforming the company from an oil sands pioneer into Canada's 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.

Murray Nunns

 Mr. Murray R. Nunns is President, Chief Executive Officer, Director of Penn West Petroleum Limited since August 2011. He has been appointed as Chief Executive Officer of the Company with effect from August 9, 2011. Mr. Nunns is a professional geologist who has held a number of executive positions in the Canadian oil and natural gas industry prior to his time with Penn West. He served as the Chairman of Monterey Exploration Ltd., a public oil and gas company, from 2005 until September 2010. From 2003 to 2005, he served as the President and Chief Executive Officer of Crispin Energy Inc., a public oil and gas company. From 1993 to 2002, he held a variety of management positions at Rio Alto Exploration Ltd., a public oil and gas company, including Executive Vice President of Exploration and Development and Chief Operating Officer.

Allan Markin

 Mr. Allan P. Markin O.C., A.O.E, has been appointed as Vice Chairman of the Board of Penn West Petroleum Ltd. He 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 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 philanthropic contributions.

Todd Takeyasu

 Mr. Todd H. Takeyasu is Chief Financial Officer, Executive Vice President of Penn West Petroleum Limited since February 2008. Prior thereto, Senior Vice President, Finance – Treasury of Penn West from January 2008 to February 2008. Prior thereto, Senior Vice President and Chief Financial Officer of Penn West.

David Middleton

 Mr. David W. Middleton is Executive Vice President - Operations Engineering, Managing Director of Peace River Oil Partnership, the subsidiary of Penn West Petroleum Limited. He has been appointed as Executive Vice President - Operations Engineering of the Company effective January 9, 2013. Prior thereto, he was Executive Vice President, Engineering and Corporate Development of Penn West from November 2008 to June 2010. Prior thereto, Executive Vice President, Operations and Corporate Development of Penn West from February 2008 to November 2008. Prior thereto, Executive Vice President and Chief Operating Officer of Penn West from June 2005 to February 2008.

S. Keith Luft

 Mr. S. Keith Luft is Senior Vice President - Stakeholder Relations, General Counsel of Penn West Petroleum Limited since February 2008. Prior thereto, Senior Vice President, Stakeholder Relations of Penn West from January 2008 to February 2008. Prior thereto, Vice President, Land and Legal of Penn West.

Mark Fitzgerald

 Mr. Mark P. Fitzgerald is Senior Vice President - Development of Penn West Petroleum Limited since August 2011. Prior thereto, Senior Vice President, Production of Penn West from November 2008 to July 2011. Prior thereto, Senior Vice President, Engineering of Penn West from January 2008 to November 2008. Prior thereto, Vice President, Operations of the operating subsidiary of Canetic Resources Trust.

Gregg Gegunde

 Mr. Gegunde is the Senior Vice President - Production of Penn West Petroleum Ltd., since February 2012. Prior thereto, Vice President, Production of Penn West from July 2011 to February 2012. Prior thereto, various Vice President roles in the development area and production engineering since 2005 with Penn West.

Bob Shepherd

 Mr. Bob Shepherd is Senior Vice President - Enhanced Oil Recovery and Cordova Joint Venture of Penn West Petroleum Limited since July 2011. Prior thereto, Senior Vice President, Exploration and Development of Penn West from October 2009 to July 2011. Prior thereto, Vice President, Exploitation of Penn West from January 2009 to October 2009. Prior thereto, President of Laser Energy Inc., a private oil and natural gas company from 2007 to 2009. Prior thereto, General Manager, Oil Sands at Husky Energy Inc.

Robert Wollmann

 Mr. Robert E. Wollmann is the Senior Vice President - Exploration of Penn West Petroleum Limited since February 2012. Prior thereto, Vice President, Exploration of Penn West from July 2011 to February 2012. Prior thereto, Senior Manager, Geosciences of Penn West from June 2010 to July 2011. Prior thereto, Senior Geotechnical Advisor of Penn West from September 2009 to June 2010. Prior thereto, President, Chief Executive Officer and a director of Trafalger Energy Ltd., a public oil and natural gas company now known as Midway Energy Ltd.

William Andrew

 Mr. William E. Andrew has been re-designeted as Director of Penn West Petroleum Ltd., with effect from May 5, 2013. He acted as the Senior Executive Officer of Penn West from December 1992, including as the Chief Executive Officer from June 2005, until his appointment as Vice-Chairman. During this time, he led the company from a small capital explorer to one of Canada's senior oil and gas exploration and production companies. Mr. Andrew has also served as the Executive Chairman of Guide Exploration Ltd. ("Guide") since August 2011 and the Chief Executive Officer of Guide since November 2011. Mr. Andrew is a Petroleum Engineer with 35 years of oil and natural gas industry experience. He received his engineering diploma from the University of Prince Edward Island in 1973 and a bachelor degree in engineering from Nova Scotia Technical College in 1975. Prior to joining Penn West, Mr. Andrew held senior positions at Gulf Canada, Shell Canada, Canadian Occidental Petroleum and Ocelot Industries and served as a Vice-President at Opinac Exploration. Mr. Andrew is currently serving his second term as Chancellor of the University of Prince Edward Island, Director of The Fathers of Confederation Buildings Trust, Board of Management member of the Alberta Economic Development Authority and honorary co-chair of L.M. Montgomery Land Trust fundraising campaign. He has served as a Trustee of the Grace Hospital as well as on the Board of Governors of the Canadian Association of Petroleum Producers, and is a former Director of the Canadian Wind Institute.

James Allard

 Mr. James E. Allard is an Independent Director of Penn West Petroleum Limited since June 30, 2006. He has a Bachelor of Science degree in Business Administration from the University of Connecticut and completed the Advanced Management Program at Harvard University. Mr. Allard has focused his career on international finance in the petroleum industry for over 42 years, during which time he has served as the Chief Executive Officer, Chief Financial Officer and/or a director of a number of publicly traded and private companies. Over the past eleven years he has served on the board of the Alberta Securities Commission, acted as the sole external trustee and advisor to a mid-sized pension plan and served as a director and advisor to several companies. From 1981 to 1995, Mr. Allard served as a senior executive officer of Amoco Corporation and as a director of Amoco Canada, which at that time was Canada's natural gas producer. In addition, Mr. Allard is a member of the Institute of Corporate Directors.

George Brookman

 Mr. George H. Brookman is Independent Director of Penn West Petroleum Limited since August 3, 2005. Since 1984, Mr. Brookman has been the Chief Executive Officer of West Canadian Industries Group Inc., a digital printing and document management company. In 1984, Mr. Brookman acquired West Canadian Industries Group and under his leadership, it has become one of Canada's privately held digital printing and imaging service companies. He is also a partner in Vistek, a major retail camera operation with stores in Toronto, Ottawa, Mississauga, Calgary and Edmonton. He was also the founder of Commonwealth Legal Inc., Canada's only national litigation support services company. Prior to acquiring West Canadian Industries Group, Mr. Brookman was involved for many years in the commercial development industry in the Real Estate Group at Manulife and later as the Vice-President of ATCO Development Ltd. In addition to his over 35 years of business experience, Mr. Brookman has been active in the community and is currently the Chairman of the Board for Tourism Calgary and Immediate Past President and Chairman of the Calgary Exhibition and Stampede. In addition, Mr. Brookman is a member of the Institute of Corporate Directors.

Daryl Gilbert

 Mr. Daryl H. Gilbert is an Independent Director of Penn West Petroleum Limited since January 11, 2008. Mr. Gilbert has been active in the western Canadian oil and natural gas sector for over 30 years, working in reserves evaluation with Gilbert Laustsen Jung Associates Ltd. (now GLJ Petroleum Consultants Ltd.) (“GLJ”), an engineering consulting firm, from 1979 to 2005. Mr. Gilbert served as President and Chief Executive Officer of GLJ from 1994 to 2005. Since 2005, Mr. Gilbert has been an independent businessman and investor, and serves as a director for a number of public and private entities. Mr. Gilbert is a graduate of the University of Manitoba with a Bachelor of Science in Engineering and is a Registered Professional Engineer in Alberta.

Shirley McClellan

 Mrs. Shirley A. McClellan is an Independent Director of Penn West Petroleum Limited since June 8, 2007. She has served as the Chancellor of the University of Lethbridge since February 2011. In addition, Mrs. McClellan is Distinguished Scholar in Residence at the University of Alberta for the Faculties of Agriculture and Rural Economy and the School of Business, lecturing primarily in Rural Economy and the School of Business. In addition, Mrs. McClellan serves as the Chair of Horse Racing Alberta, a private not-for-profit corporation. Mrs. McClellan brings to Penn West the experience gained over 20 years of distinguished service to the Province of Alberta. Her career included the offices of Deputy Premier of Alberta from 2001 to 2007, Minister of Finance of Alberta from 2004 to 2007 and Chair of the Treasury Board and Vice-Chair of the Agenda and Priorities Committee of the Government of Alberta. Mrs. McClellan served a total of six terms as a Member of the Alberta Legislative Assembly representing the constituency of Drumheller-Stettler. Over this time period, she held numerous other portfolios, including Minister of Agriculture, Food and Rural Development, Minister of International and Intergovernmental Relations, Minister of Community Development, and Minister of Health.

N. Frank Potter

 Mr. N. Frank Potter is an Independent Director of Penn West Petroleum Limited since June 30, 2006. Mr. Potter has a background in international banking in Europe, the Middle East and the United States. He managed the international business of one of Canada's principal banks before being appointed Executive Director of the World Bank in Washington where he served for nine years. Mr. Potter subsequently served as a Senior Advisor at the Department of Finance for the Canadian government. He is currently the Chairman of Emerging Markets Advisors, Inc., a Toronto based consultancy that assists corporations in making and managing direct investments internationally. Mr. Potter serves on a number of boards, including Canadian Tire Corporation, Limited, the Royal Ontario Museum and Biovail Corporation.

Jack Schanck

 Mr. Jack W. Schanck has been re-designated as Independent Director of Penn West Petroleum Limited effective May 5, 2013. Mr. Schanck has over 37 years of direct oil and natural gas industry experience in both Canada and the U.S. including President of Unocol Canada, President of Spirit Energy (the upstream domestic operation of Unocol Oil and Gas) and Co-CEO of Samson Investment Company.

James Smith

 Mr. James Cameron Smith is an Independent Director of Penn West Petroleum Limited since May 31, 2005. Mr. Smith is a Chartered Accountant with over 35 years of experience in public accounting and industry. Since 1998, he has been a business consultant and independent director to a number of public and private companies operating in the oil and natural gas industry. From February 2002 to June 2006, he served as the Vice-President and Chief Financial Officer of Mercury Energy Corporation, a private oil and natural gas company. Mr. Smith also held the position of Chief Financial Officer of Segue Energy Corporation, a private oil and natural gas company, from January 2001 to August 2003. From 1999 to 2000, Mr. Smith was the Vice-President and Chief Financial Officer of Probe Exploration Inc., a publicly traded oil and natural gas company. Mr. Smith served as the Vice-President and Chief Financial Officer of Crestar Energy Inc. from its inception in 1992 until 1998, during which time the company completed an initial public offering, was listed on the Toronto Stock Exchange and completed several debt and equity financing transactions.

Basic Compensation

Name Fiscal Year Total

Richard George

 --

Murray Nunns

 2,527,020

Allan Markin

 --

Todd Takeyasu

 1,965,540

David Middleton

 414,000

S. Keith Luft

 1,454,350

Mark Fitzgerald

 1,467,760

Gregg Gegunde

 --

Bob Shepherd

 --

Robert Wollmann

 --

William Andrew

 2,522,740

James Allard

 --

George Brookman

 --

Daryl Gilbert

 --

Shirley McClellan

 --

N. Frank Potter

 --

Jack Schanck

 --

James Smith

 --
As Of 30 Dec 2011

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