HOUSTON--(BUSINESS WIRE)--Feb. 19, 2016--
Cobalt International Energy, Inc. ("Cobalt") (NYSE:CIE) today announced
the election of Mr. John E. Hagale to Cobalt’s Board of Directors. Mr.
Hagale’s election brings the number of directors to ten. His initial
term as a director is effective March 1, 2016, and will expire at
Cobalt’s 2018 Annual Meeting of Stockholders. Upon joining the Board of
Directors, Mr. Hagale will be appointed as a member of Cobalt’s Audit
Mr. Hagale served as Executive Vice President and Chief Financial
Officer of Rosetta Resources, Inc. from November 2011 until its merger
with Noble Energy, Inc. in July 2015. Prior to joining Rosetta, Mr.
Hagale was Executive Vice President, Chief Financial Officer and Chief
Administrative Officer of The Methodist Hospital System from June 2003
through October 2011. He was also employed with Burlington Resources
Inc. and its predecessor Burlington Northern Inc. for 15 years where he
held a series of executive financial positions with increasing
responsibilities, including Executive Vice President and Chief Financial
Officer of Burlington Resources Inc. Mr. Hagale began his career with
Deloitte Haskins and Sells. Mr. Hagale holds a Bachelor of Business
Administration degree in Accounting from the University of Notre Dame.
He has more than 30 years of financial and accounting experience and is
a certified public accountant.
"We are extremely pleased to announce the addition of John Hagale to
Cobalt’s Board,” said Joseph H. Bryant, Cobalt’s Chairman and Chief
Executive Officer. “John’s vast financial and corporate governance
capabilities combined with his extensive knowledge and understanding of
complex financial transactions will be of great benefit to Cobalt and to
our shareholders, particularly during these challenging times in our
industry. I look forward to welcoming John as a member of our Board.”
Cobalt is an independent exploration and production company active in
the deepwater U.S. Gulf of Mexico and offshore West Africa. Cobalt was
formed in 2005 and is headquartered in Houston, Texas.
This press release includes “forward-looking statements” within the
meaning of the safe harbor provisions of the Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of
1934 — that is, statements related to future, not past, events.
Forward-looking statements are based on current expectations and include
any statement that does not directly relate to a current or historical
fact. In this context, forward-looking statements often address Cobalt’s
expected future business and financial performance, and often contain
words such as “anticipate,” “believe,” “intend,” “expect,” “plan,”
“will” or other similar words. These forward-looking statements involve
certain risks and uncertainties that ultimately may not prove to be
accurate. Actual results and future events could differ materially from
those anticipated in such statements. For further discussion of risks
and uncertainties, individuals should refer to Cobalt’s SEC filings.
Cobalt undertakes no obligation and does not intend to update these
forward-looking statements to reflect events or circumstances occurring
after this press release, other than as required by law. You are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this press release. All
forward-looking statements are qualified in their entirety by this
View source version on businesswire.com: http://www.businesswire.com/news/home/20160219005197/en/
Source: Cobalt International Energy, Inc.
Cobalt International Energy, Inc.
Cordray, +1 713-579-9126
Director, Investor Relations
Lynne L. Hackedorn, +1 713-579-9115
Government and Public Affairs