Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/cobalt-international-energy-reports-change-in-boar.shtmlCobalt International Energy reports change in Board of Directors
Cobalt International Energy, Inc. announced the resignation of Kenneth A. Pontarelli and Peter R. Coneway from its
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Cobalt International Energy, Inc. announced the resignation of Kenneth A. Pontarelli and Peter R. Coneway from its Board of Directors.
Mr. Pontarelli is a Managing Director in the Merchant Banking Division of Goldman, Sachs & Co. and has been a Director of Cobalt since our inception in November 2005. Mr. Coneway is a Managing Director of Riverstone LLC and has been a Director of Cobalt since October 2009.
As a result of these resignations, the size of the Board has been reduced from eleven to nine Directors. The two founding sponsors who remain represented on Cobalt's Board control a combined total of approximately ten percent of Cobalt's outstanding shares.
