NGI The Weekly Gas Market Report
Cheniere Energy Inc. added two Icahn Capital LP representatives to its board of directors after activist investor Carl Icahn took a more than 8% stake in the company (see Daily GPI, Aug. 7). With the addition of Jonathan Christodoro and Samuel Merksamer, the Cheniere board grows to 11 members. Both are managing directors at Icahn Capital, a unit of Icahn Enterprises LP. Christodoro also serves as a director on the boards of PayPal Holdings Inc., American Railcar Industries Inc., Hologic Inc., Herbalife Ltd. and Enzon Pharmaceuticals Inc. Merksamer also serves as a director on the boards of Transocean Partners LLC, Hertz Global Holdings Inc., Hologic, Transocean Ltd. and Navistar International Corp. “As we have done with a number of companies in the past, we hope to contribute meaningfully as board members towards enhancing shareholder value at Cheniere,” Icahn said.
The CFO of struggling Goodrich Petroleum Corp. has left the company for a position with an unnamed private company, Goodrich said. The resignation of Jan Schott “…did not result from any disagreement with the company regarding any matter related to the company’s operations, policies or practices,” it said. Schott will remain through early September to aid in the transition. COO Robert C. Turnham Jr. will be interim-CFO during the search for a replacement. Like many of its peers, Goodrich has seen liquidity dry up and its share price slide as the oil patch price rout rolls on (see Shale Daily, July 27).
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