DENVER, Dec. 10, 2018 /PRNewswire/ — Antero Resources Corporation (NYSE: AR) (“Antero” or the “Company”) today announced that Paul J. Korus has been appointed to its board of directors (the “Board”), as a Class II director, effective as of December 7, 2018. Mr. Korus is an independent director under the director independence standards set forth in the rules and regulations of the Securities and Exchange Commission and the applicable listing standards of the New York Stock Exchange.
Mr. Korus was the Senior Vice President and Chief Financial Officer of Cimarex Energy from September 2002 until his retirement in 2015, and held the same positions with its predecessor, Key Production Company, from 1999 through 2002. Mr. Korus was a senior research analyst with Petrie Parkman & Co from 1995 through 1999. He also held positions in corporate planning and investor relations with Apache Corporation for thirteen years from 1982 to 1995. Mr. Korus graduated with a Bachelor of Science in Economics and a Master of Science in Accounting from the University of North Dakota.
Paul M. Rady, Chairman and CEO of Antero commented, “We are very excited to add Paul to the Board of Antero Resources. Paul’s extensive background in the oil and gas industry and his strong financial expertise will be a valuable asset to Antero and our shareholders. Adding another independent director to the Board with Paul’s credentials further strengthens our commitment to good corporate governance at Antero.”
“I am thrilled to join the Board of Antero, a leader in Appalachia with a forward-thinking management team and a bright future ahead. Antero’s leadership, acreage footprint and integrated business strategy present a tremendous opportunity. I look forward to representing the shareholders and working with the Board to oversee the execution of the company’s business plan,” said Korus.
Mr. Korus’ appointment increases the size of the Board to ten directors, eight of whom are independent directors under the director independence standards of the NYSE and five of whom are independent by audit committee standards. Mr. Korus will be a member of the Board’s Audit Committee.