Ovintiv Names Terri King to Board of Directors

Rhea-AI Summary

Ovintiv Inc. (NYSE: OVV) has appointed Terri G. King as an independent member of its board of directors, effective January 31, 2025. King, 63, recently retired from ConocoPhillips where she served as Chief Commercial Officer and Vice President. Her extensive career at ConocoPhillips included roles as President of Lower 48, President of Europe & North Africa, President of United Kingdom, and General Manager of Global Production.

King holds a Bachelor of Science in engineering science from Trinity University and an MBA from the University of Houston. She is also a licensed Professional Engineer. This appointment represents Ovintiv's third new independent director in three years, demonstrating the company's ongoing board refreshment process.

Positive

• Addition of experienced energy industry executive with over 30 years of global leadership experience
• Continuation of active board refreshment process with third new independent director in three years
• Strengthening of corporate governance through diverse industry expertise

Negative

• None.

DENVER, Jan. 27, 2025 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced that Terri G. King has been named as an independent member of its board of directors, effective January 31, 2025.

King, 63, retired from ConocoPhillips Company (ConocoPhillips) in 2023 as Chief Commercial Officer and Vice President. During her lengthy career with ConocoPhillips, she held various roles including President, Lower 48; President, Europe & North Africa; President, United Kingdom; and General Manager of Global Production.

King received her Bachelor of Science degree in engineering science from Trinity University and a Master of Business Administration degree from the University of Houston. She is a licensed Professional Engineer.

"We are most pleased to welcome Terri to our board of directors," said Ovintiv Chairman, Peter Dea.  "She brings with her a wealth of energy industry and leadership experience that spans three-plus decades around the globe. Terri's insights will be invaluable to our Board as we continue our work to provide sound corporate governance, trusted advice and meaningful stakeholder engagement."

Ovintiv maintains an ongoing Board refreshment process. King's appointment marks the Company's third new independent director in as many years.

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.

FAQ

When will Terri King join Ovintiv's (OVV) board of directors?

Terri King will join Ovintiv's board of directors effective January 31, 2025.

What was Terri King's most recent position before joining OVV's board?

Terri King retired from ConocoPhillips in 2023 where she served as Chief Commercial Officer and Vice President.

How many new independent directors has OVV appointed in recent years?

Ovintiv has appointed three new independent directors in as many years, with Terri King being the latest addition.

What is Terri King's educational background and professional qualification?

Terri King holds a BS in engineering science from Trinity University, an MBA from the University of Houston, and is a licensed Professional Engineer.

What key executive positions did Terri King hold at ConocoPhillips?

At ConocoPhillips, King held positions including President of Lower 48, President of Europe & North Africa, President of United Kingdom, and General Manager of Global Production.