HOUSTON--(BUSINESS WIRE)--Aug. 25, 2015--
Cobalt International Energy, Inc. (“Cobalt”) (NYSE:CIE) today announced
that Shannon (Shane) E. Young, III will join Cobalt as Chief Financial
Officer and Executive Vice President. Mr. Young is currently Senior Vice
President & Chief Financial Officer for Talos Energy LLC. He replaces
John P. Wilkirson, who has indicated his desire to pursue other
interests. These changes are effective September 1, 2015, and Mr.
Wilkirson will remain as a consultant to Cobalt through the end of
October to ensure a smooth executive transition.
Commenting on these changes, Joseph H. Bryant, Cobalt’s Chairman and
Chief Executive Officer, said, “I am extremely pleased that Shane has
agreed to join Cobalt at this time of exceptional opportunity and
challenge. Shane’s deep experience in Capital Markets, Investment
Banking, and M&A will be put to full use as Cobalt continues to grow.
His background is a perfect match for Cobalt at this point in our
life-cycle.” Bryant added, “I wish John all the best as he leaves Cobalt
and want to thank him on behalf of the Board of Directors and the rest
of the Cobalt team for his many years of service.”
Commenting on his new assignment Mr. Young said, “I’m excited about
joining the Cobalt team and being an integral part of this great company
with such a bright future. Cobalt’s reputation as a leading explorer and
operator is well known in the industry. I look forward to progressing
and strengthening Cobalt’s financial foundation so that it remains a
premier global exploration and production company.”
John Wilkirson added, “My time at Cobalt has been truly special as the
company matured from the private start-up to today’s successful public
entity. During the past five years as CFO, I appreciated the opportunity
to have led multiple significant and innovative financings. I feel the
timing is right to make this transition and I wish the company all the
best in their future endeavors.”
In addition to his current role, Mr. Young has over 20 years’ experience
as an Investment Banker at Goldman Sachs, Morgan Stanley, and Salomon
Brothers. Mr. Young earned a Bachelor in Business Administration in
Finance from The University of Texas at Austin and a Masters of Business
Administration with Distinction from the Amos Tuck School of Business at
Dartmouth College.
About Cobalt
Cobalt International Energy, Inc. is a publicly traded independent
exploration and production company active in deepwater basins in
offshore North America and West Africa. Cobalt was formed in 2005 and is
headquartered in Houston, Texas. Cobalt is committed to communicating
its performance and actions to promote sustainable corporate social
responsibility in a comprehensive, transparent and tangible manner. To
learn more about Cobalt’s commitment to responsible business practices,
see Cobalt’s 2014 Corporate Social Responsibility Report, which can be
found on Cobalt’s website at https://www.cobaltintl.com/responsibility.
Forward-Looking Statements
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
cautionary statement.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150825006254/en/
Source: Cobalt International Energy, Inc.
Cobalt International Energy, Inc.
Investor Relations:
Rob
Cordray, +1-713-579-9126
Director, Investor Relations
or
Media
Relations:
Lynne L. Hackedorn, +1-713-579-9115
Vice President,
Government and Public Affairs