Laredo Petroleum Announces App – GuruFocus.com

TULSA, OK, June 28, 2022 (GLOBE NEWSWIRE) — Laredo Petroleum, Inc. (:LPI) (“Laredo” or the “Company”) today announced that John Driver and Shihab Kuran have been named independent members of its board of directors (the “Board”), effective June 24, 2022.

Mr. Driver is an entrepreneur and technology innovator with leadership experience in large public and private multinational companies and start-up startups. He currently runs Lynx Technology, a digital media technology company he founded through a management buyout of the multinational connected home business of PacketVideo, a subsidiary of NTT DoCoMo. Previously, Mr. Driver served as COO and CMO of PacketVideo, co-founder and CEO of JoynIn, and held leadership positions at Serena Software and Sun Microsystems.

Mr. Driver is currently an independent director of Broadway Financial Corporation and its wholly-owned subsidiary, City First Bank, NA. In addition, he serves as Chairman of the Board of the Fleet Science Center in San Diego and is a former board member of Administration of San Diego YMCA Overnight Camps. He is actively involved with Stanford University, as former Chairman of the Board of Governors of Stanford Associates, guest lecturer for Stanford’s Department of Management and Engineering Sciences, is past President of Stanford Multicultural Alumni San Diego club and recipient of Stanford’s Governor’s Award in recognition of exemplary and long-standing volunteer service. He earned a Bachelor of Science in Industrial Engineering from Stanford University and a Masters of Business Administration from Dartmouth College’s Tuck School of Business.

Mr. Kuran is an investor, serial entrepreneur and energy industry executive. It is a recognized leader in the development and scaling of advanced energy technologies, including solar power, smart grid management, energy storage and electric vehicle (“EV”) charging. . He is currently the CEO and founder of Power Edison, a company specializing in providing innovative mobile energy storage solutions for the grid. Mr. Kuran is the founder and executive chairman of EV Edison, Inc., a company focused on developing large-scale electric vehicle charging centers. Previously, he founded Petra Solar, a pioneer in smart solar, combining solar power and smart grid technologies, and developer of the world’s largest solar electricity project in 2009, and served as Director, Chairman and CEO. Additionally, Mr. Kuran led strategic development and advanced technology initiatives at NRG Energy and SunEdison.

Mr. Kuran currently serves on the boards of NN, Inc., New York Energy Week, and the advisory boards of the Charles Edison Fund and the Edison Innovation Foundation. He obtained a Bachelor of Science in Electrical Engineering from the University of Jordan, a Ph.D. in Electrical Engineering from the City University of New York and is an alumnus of Harvard Business School.

“We look forward to John and Shihab joining our Board of Directors,” said Jason Pigott, President and CEO. “Our Board of Directors is continually on the lookout for accomplished individuals with diverse backgrounds to enhance its collective skill set and bring unique perspectives to our business strategies. Our industry is highly technical and their track record in applying new technologies will be extremely valuable to our shareholders. Their experiences outside of the E&P business will strengthen our ongoing efforts to use advanced digital technologies and solutions to safely increase production, improve margins and reduce emissions.”

About Laredo

Laredo Petroleum, Inc. is an independent energy company headquartered in Tulsa, Oklahoma. Laredo’s business strategy is focused on the acquisition, exploration and development of oil and gas properties, primarily in the West Texas Permian Basin.

Additional information about Laredo can be found on its website at www.laredopetro.com.

Contact Investor:
Ron Hagood
918.858.5504
[email protected]

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