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Appointment of Director to the Board

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Golar LNG Limited (NASDAQ: GLNG) has announced the appointment of Stephen J. Schaefer to its Board of Directors, effective August 1, 2025. Mr. Schaefer brings extensive experience in natural gas and electricity markets since 1993, currently serving as Chairman of Talen Energy Corporation and Board Member of GenOn Energy.

Mr. Schaefer's distinguished career includes roles as a Partner at Riverstone Holdings, Managing Director at Huron Consulting Group, and Vice President at Duke Energy North America. He is a Chartered Financial Analyst with a magna cum laude B.S. in Finance and Accounting from Northeastern University.

Golar LNG Limited (NASDAQ: GLNG) ha annunciato la nomina di Stephen J. Schaefer nel suo Consiglio di Amministrazione, con effetto dal 1° agosto 2025. Il signor Schaefer vanta un'esperienza approfondita nei mercati del gas naturale e dell'elettricità dal 1993, ricoprendo attualmente il ruolo di Presidente di Talen Energy Corporation e membro del Consiglio di Amministrazione di GenOn Energy.

La carriera illustre del signor Schaefer comprende incarichi come Partner presso Riverstone Holdings, Managing Director presso Huron Consulting Group e Vice Presidente di Duke Energy North America. È un Chartered Financial Analyst con una laurea magistrale con lode in Finanza e Contabilità conseguita presso la Northeastern University.

Golar LNG Limited (NASDAQ: GLNG) ha anunciado el nombramiento de Stephen J. Schaefer en su Junta Directiva, con efecto a partir del 1 de agosto de 2025. El Sr. Schaefer aporta una amplia experiencia en los mercados de gas natural y electricidad desde 1993, desempeñándose actualmente como Presidente de Talen Energy Corporation y miembro de la Junta de GenOn Energy.

La distinguida carrera del Sr. Schaefer incluye cargos como Socio en Riverstone Holdings, Director General en Huron Consulting Group y Vicepresidente en Duke Energy North America. Es un Chartered Financial Analyst con una licenciatura magna cum laude en Finanzas y Contabilidad por la Northeastern University.

Golar LNG Limited (NASDAQ: GLNG)는 2025년 8월 1일부로 Stephen J. Schaefer를 이사회 이사로 임명했다고 발표했습니다. Schaefer 씨는 1993년부터 천연가스 및 전력 시장에서 풍부한 경험을 쌓아왔으며, 현재 Talen Energy Corporation의 회장과 GenOn Energy 이사로 활동하고 있습니다.

그의 뛰어난 경력에는 Riverstone Holdings의 파트너, Huron Consulting Group의 전무이사, Duke Energy North America의 부사장 직책이 포함되어 있습니다. 그는 Northeastern University에서 금융 및 회계학을 magna cum laude로 졸업한 공인재무분석사(Chartered Financial Analyst)입니다.

Golar LNG Limited (NASDAQ : GLNG) a annoncé la nomination de Stephen J. Schaefer à son conseil d'administration, effective à partir du 1er août 2025. M. Schaefer apporte une vaste expérience dans les marchés du gaz naturel et de l'électricité depuis 1993, occupant actuellement les postes de président de Talen Energy Corporation et de membre du conseil d'administration de GenOn Energy.

La carrière distinguée de M. Schaefer comprend des rôles de partenaire chez Riverstone Holdings, directeur général chez Huron Consulting Group et vice-président chez Duke Energy North America. Il est analyste financier agréé (CFA) et titulaire d'un baccalauréat en finance et comptabilité avec mention magna cum laude de la Northeastern University.

Golar LNG Limited (NASDAQ: GLNG) hat die Ernennung von Stephen J. Schaefer in seinen Vorstand bekannt gegeben, wirksam ab dem 1. August 2025. Herr Schaefer bringt umfangreiche Erfahrung in den Märkten für Erdgas und Strom seit 1993 mit und ist derzeit Vorsitzender der Talen Energy Corporation sowie Vorstandsmitglied von GenOn Energy.

Herr Schaefers herausragende Karriere umfasst Positionen als Partner bei Riverstone Holdings, Geschäftsführer bei Huron Consulting Group und Vizepräsident bei Duke Energy North America. Er ist ein Chartered Financial Analyst mit einem magna cum laude B.S. in Finanzen und Rechnungswesen von der Northeastern University.

Positive
  • Appointment of highly experienced director with extensive energy market expertise
  • Addition of strategic leadership with strong background in mergers and acquisitions
  • Enhancement of board expertise in natural gas markets
Negative
  • None.

Golar LNG Limited (“Golar”) (Nasdaq: “GLNG”) is pleased to announce that effective August 1, 2025, Mr. Stephen J. Schaefer will join its Board of Directors.

Mr. Schaefer brings extensive experience in the natural gas and electricity markets, having been actively involved in the sector since 1993. Mr. Schaefer currently serves as Chairman of the Board of Talen Energy Corporation, as a member of the Board of Directors for GenOn Energy and as a Senior Advisor of EverGen Power LLC. His previous roles include Chairman of GenOn Energy and Texgen Power LLC and as a member of the Board of Directors for Homer City Holdings LLC and Element Markets LLC. Prior to retiring in 2015, he was a Partner with Riverstone Holdings, a private equity firm focused on energy investing. Previously, Mr. Schaefer was a Managing Director with Huron Consulting Group, where he founded and headed its Energy Practice. From 1998 to 2003 Mr. Schaefer was Managing Director and Vice President of Duke Energy North America, responsible for mergers and acquisitions. Mr. Schaefer is a Chartered Financial Analyst and holds a B.S., magna cum laude, in Finance and Accounting from Northeastern University.

Commenting on the appointment, Mr. Troim, Chairman of the Board, said: “We are honoured to welcome Mr. Schaefer to the Board. His deep expertise in global energy markets combined with a sharp strategic vision and well-established industry credibility will be instrumental in advancing Golar’s growth ambitions. We look forward to the valuable insights and leadership he will bring.”

Hamilton, Bermuda
July 30, 2025

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act


FAQ

Who is Stephen J. Schaefer, the new board member of Golar LNG (NASDAQ:GLNG)?

Stephen J. Schaefer is an experienced energy sector executive who currently serves as Chairman of Talen Energy Corporation and Board Member of GenOn Energy. He is a CFA charterholder with extensive experience in natural gas markets since 1993.

When will Stephen Schaefer join Golar LNG's board of directors?

Stephen J. Schaefer will join Golar LNG's Board of Directors effective August 1, 2025.

What is Stephen Schaefer's background in the energy sector?

Schaefer has been involved in natural gas and electricity markets since 1993, serving as Partner at Riverstone Holdings, Managing Director at Huron Consulting Group, and VP at Duke Energy North America. He currently chairs Talen Energy Corporation and serves on GenOn Energy's board.

How will Stephen Schaefer's appointment benefit Golar LNG (GLNG)?

According to Chairman Troim, Schaefer's deep expertise in global energy markets, strategic vision, and industry credibility will be instrumental in advancing Golar's growth ambitions.
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