May 5, 2013
PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE)
is pleased to announce that effective immediately it has added two of the energy industry's most successful and distinguished leaders to its Board of Directors ("the Board") with the appointment of Mr.
, as Chairman, and Mr.
, as Vice-Chairman. Mr. George was instrumental in the building of one of
most successful energy companies, Suncor Energy Inc. ("Suncor"). Mr. Markin was prominent in the growth of one of the largest independent energy companies in the world, Canadian Natural Resources ("CNRL"). Mr.
, who has acted as Chair on an interim basis, will remain on the Board. Mr.
remains on the Board and will share the Vice-Chairman duties with Mr. Markin.
, O.C., 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 strong leadership in transforming the company from an oil sands pioneer into
largest energy company. Mr. George is currently a director of the Royal Bank of
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. Mr. George is an Officer of the Order of
, O.C., A.O.E. 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
largest 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
, the Alberta Order of Excellence and the Calgary Business Hall of Fame. He has received the Pinnacle Award of Business Excellence in
, was named
Citizen of the Year in 2004 and is widely-known for his philanthropic contributions.
These Board appointments are an important step for the future of Penn West. Mr. George and Mr. Markin are two of the energy industry's most accomplished company builders and bring a wealth of experience, leadership and wisdom to the Penn West Board.