Cobalt International Energy, Inc. Announces Election of William P. Utt to its Board of Directors
HOUSTON--(BUSINESS WIRE)--Mar. 11, 2013--
Cobalt International Energy, Inc. ("Cobalt") (NYSE:CIE) today announced
the election of Mr. William P. Utt to Cobalt’s Board of Directors. Mr.
Utt’s election brings the number of directors to thirteen. His initial
term as a director is effective immediately and will expire at Cobalt’s
2015 Annual Meeting of Stockholders, at which time he will be up for
Mr. Utt brings to Cobalt extensive expertise and experience in multiple
sectors of the oil and gas industry. Mr. Utt is currently the Chairman,
President and Chief Executive Officer of KBR, Inc. Prior to joining KBR
in 2006, Mr. Utt was President and CEO of SUEZ Energy North America and
its predecessor companies from 1995 to 2006, with responsibility for the
LNG, retail energy, energy marketing and trading, power generation and
development businesses. Mr. Utt currently serves on the National
Petroleum Council, which provides advice and analysis to the U.S.
Secretary of Energy. Mr. Utt holds bachelor’s and master’s degrees in
mechanical engineering from the University of Virginia and has a
master’s degree in business administration from The Colgate Darden
Graduate School of Business Administration at the University of Virginia.
Commenting on the election, Cobalt’s Chairman and Chief Executive
Officer, Joseph H. Bryant, said, "We are pleased to announce the
addition of Bill Utt to Cobalt’s Board. He is highly respected across
the energy, engineering and finance spectrums. There is no doubt that
Bill’s extensive industry and leadership experience will be of great
benefit to our Board and to the company as we continue our aggressive
Cobalt is an independent oil exploration and production company active
in the deepwater U.S. Gulf of Mexico and offshore Angola and Gabon.
Cobalt was formed in 2005 and is headquartered in Houston, Texas.
Source: Cobalt International Energy, Inc.
Cobalt International Energy, Inc. Investor Relations: Richard
A. Smith, +1 713-579-9141 Vice President, Investor Relations,
Compliance and Risk Management or Media Relations: Lynne
L. Hackedorn, +1 713-579-9115 Vice President, Government and Public