CALGARY, Feb. 19, 2019 /CNW/ – Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX andNYSE: CPG) is pleased to announce the appointment of John P. Dielwart to its Board of Directors (the “Board”), effective March 7, 2019.
“I’m pleased to welcome John Dielwart as an independent Director on Crescent Point’s Board,” said Bob Heinemann, Chairman of the Board. “John obviously brings a wealth of valuable business, leadership and governance expertise that he has earned during more than 40 years in the oil and gas industry. We look forward to his contributions as Crescent Point continues to execute its transition plan.”
Crescent Point remains committed to its deliberate and thoughtful Board renewal process, which it expects to further through planned retirements. Mr. Dielwart will become the Company’s eighth independent Director since 2014. Following its 2019 annual general meeting, Crescent Point expects to have completed a full Board renewal since its inception.
Mr. Dielwart is one of ARC Resources Ltd.’s founders, held the position of Chief Executive Officer from 2001 to 2013 and serves as a Director on its Board. He is also Vice-Chairman and Director of ARC Financial Corp. and a member of its Investment and Governance Committees. Mr. Dielwart received a Bachelor of Science degree in Civil Engineering with Distinction from the University of Calgary. He is a Professional Engineer, an Institute of Corporate Directors Certified Director and a Past-Chairman of the Board of Governors for the Canadian Association of Petroleum Producers. In 2015, Mr. Dielwart was inducted into the Calgary Business Hall of Fame and received the Oil and Gas Council’s Canadian Lifetime Achievement Award in 2018.
For Mr. Dielwart’s full biography and more background on Crescent Point’s Board and management team, please visit www.crescentpointenergy.com/about-us.
Crescent Point is a leading North American light oil producer, driven to enhance shareholder returns by cost-effectively developing a focused asset base in a responsible and sustainable manner.