Ovintiv Names George L. Pita to Board of Directors
Ovintiv Inc. (NYSE: OVV) announced the appointment of George L. Pita as an independent board member, effective July 1, 2021.
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Rhea-AI Summary
Ovintiv Inc. (NYSE: OVV) announced the appointment of George L. Pita as an independent board member, effective July 1, 2021. Pita, 59, brings extensive experience as the CFO of MasTec and has held leadership roles in various companies. His addition is part of Ovintiv's strategy to enhance board diversity and strengthen its governance. The company has recently refreshed its board, adding five new directors since early 2019. Ovintiv remains focused on maximizing profitability and returning capital to shareholders, affirming its commitment to sustainability in North America.
Positive
- George Pita's appointment is expected to enhance board diversity and strengthen governance.
- Pita brings significant experience from various leadership roles, which may benefit strategic decision-making.
Negative
- None.
Details
News Market Reaction – OVV
The recorded move for OVV in the trading session of this news was +4.67%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
DENVER, June 30, 2021 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced that George L. Pita has been named as an independent member of its board of directors, effective July1, 2021.
Pita, 59, currently serves as the executive vice president and chief financial officer of MasTec, Inc. (NYSE: MTZ), a leading North American infrastructure construction company. Before joining MasTec in 2013, he served in various leadership positions across multiple industries including CFO and executive vice president for Stuart Weitzman Holdings, LLC and CFO and principal accounting officer of Perry Ellis International, Inc. Pita graduated from the University of Miami, was a CPA for over 30 years, and is a member of the National Association of Corporate Directors, and the Latino Corporate Directors Association.
"We are very excited that George is joining our board. His significant business experience, diverse background and unique perspective will expand the board's strengths," said Ovintiv Chairman Peter Dea. "George's appointment builds on our thoughtful and ongoing board refreshment process."
Since early 2019, including Pita, the Company has expanded its board diversity, added five new directors, appointed a new independent board chairman and refreshed its committee memberships, including three new committee chairs.
About Ovintiv Inc.
Ovintiv is one of the largest producers of oil, condensate and natural gas in North America. The Company is committed to preserving its financial strength, maximizing profitability through disciplined capital investments and operational efficiencies and returning capital to shareholders. A talented team, in combination with a culture of innovation and efficiency, fuels Ovintiv's economic performance, increases shareholder value and strengthens its commitment to sustainability in the communities where its employees live and work.
Further information on Ovintiv Inc. is available on the Company's website, www.ovintiv.com, or by contacting:
Investor contact: (888) 525-0304 | Media contact: (403) 645-2252 |
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SOURCE Ovintiv Inc.
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