Mr. Farb, a Canadian citizen, is a Managing Director of Highfields Capital, a Boston-based investment firm that manages over US$12 billion on behalf of endowments, foundations, pension funds and other institutional investors and is MEG’s second largest shareholder. He joined Highfields in 2001 and is a Partner on the investment team, focusing primarily on energy. He previously worked in the Mergers & Acquisitions and Principal Investment Groups at Goldman Sachs. Mr. Farb graduated from McGill University and holds an MBA from Harvard Business School.
Bill McCaffrey, President, Chief Executive Officer and Director, welcomed Mr. Farb to the team. “Dan brings strong financial and management skills and a wealth of investment experience to our Board,” Bill said. “He will be an important addition to our already strong team at MEG.”
“MEG’s assets are underappreciated by the market, and I am excited to be part of helping the company build on its successes to date,” said Mr. Farb. “I am looking forward to working with Bill and the other members of the Board as MEG continues to implement its highly-economic growth plans.”
MEG Energy Corp. is focused on sustainable in situ oil sands development and production in the southern Athabasca oil sands region of Alberta, Canada. MEG is actively developing enhanced oil recovery projects that utilize SAGD extraction methods. MEG’s common shares are listed on the Toronto Stock Exchange under the symbol “MEG.”