New chairman chosen for Laredo Petroleum’s board of directors

A new chairman of the board has been named at Tulsa-based Laredo Petroleum Inc. William Albrecht was named to be the new chairman of the board. The appointment came just three months after his appointment as a director to the board.

He succeeded Randy Foutch whose term expired May 14, 2020. Albrecht is currently an independent member of the board and will continue serve on the Compensation Committee and Nominating and Corporate Governance Committee.

“Bill’s appointment as Chairman fulfills Laredo’s prior commitment to separate the roles of Chairman and Chief
Executive Officer and name an independent Chairman,” stated Dr. Bill Scoggins, Chair of the Nominating and Corporate Governance Committee. “His extensive energy industry background and leadership experience will be instrumental in providing guidance to Laredo’s leadership team in these unprecedented times.”

“Since joining our Board in February, Bill’s insight and perspective have been crucial to shaping our strategy,” commented Jason Pigott, President and Chief Executive Officer. “I look forward to continuing to work closely with him as we position Laredo for long-term, sustainable growth.”

Mr. Albrecht has served on Laredo’s Board since February 2020. Additionally, he currently serves as Chairman of the Board of California Resources Corporation and as a member of the Boards of Halliburton and Valaris .

Source: Laredo Petroleum