Activist investor Carl Icahn on May 11 added two more nominees to his slate for the board of SandRidge Energy Inc. (NYSE: SD) after the company expanded its board, suggesting that the hedge fund manager planned to press ahead with the proxy fight.
The U.S. shale oil producer said last week it would expand the board size to seven from five, to allow investors to pick two nominees from Icahn's five-person slate.
RELATED: Carl Icahn Nominates Five To Replace Entire SandRidge Board
Icahn, who holds a 13.51% stake in SandRidge, got the company to back out of its planned buyout of rival Bonanza Creek Energy Inc. (NYSE: BCEI) and forced the removal of the company's CEO and CFO.
The billionaire investor on May 11 nominated Jonathan Christodoro, a former managing director of Icahn Capital LP, and Nancy Dunlap, the private counsel and head of the private family office of former U.S. Senator Jon Corzine.
Recommended Reading
Baker Hughes Wins Contracts for Woodside’s Louisiana LNG Project
2024-12-30 - Bechtel has ordered gas technology equipment from Baker Hughes for the first phase of Woodside Energy Group’s Louisiana LNG development.
SM Energy Adds Petroleum Engineer Ashwin Venkatraman to Board
2024-12-04 - SM Energy Co. has appointed Ashwin Venkatraman to its board of directors as an independent director and member of the audit committee.
BP Profit Falls On Weak Oil Prices, May Slow Share Buybacks
2024-10-30 - Despite a drop in profit due to weak oil prices, BP reported strong results from its U.S. shale segment and new momentum in the Gulf of Mexico.
Exxon Slips After Flagging Weak 4Q Earnings on Refining Squeeze
2025-01-08 - Exxon Mobil shares fell nearly 2% in early trading on Jan. 8 after the top U.S. oil producer warned of a decline in refining profits in the fourth quarter and weak returns across its operations.
Mexico Pacific Working with Financial Advisers to Secure Saguaro LNG I FID
2024-10-23 - Mexico Pacific is working with MUFG, Santander and JP Morgan to arrange the financing needed to support FID and the anchor phase of Saguaro Energía LNG.