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Cobalt International Energy reports change in Board of Directors


Published Jan 30, 2014
Cobalt International Energy, Inc.

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.

Tags: Cobalt International Energy




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