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OKLAHOMA CITY - SandRidge Energy, Inc. (NYSE:SD), a $373 million market cap oil and gas company with strong financial health according to InvestingPro metrics, announced Tuesday that Brett Icahn will join its board of directors effective August 1, 2025, expanding the board to six members.
Icahn, 45, currently serves as a board member of Icahn Enterprises L.P. and as a Portfolio Manager at Icahn Capital LP. He has played a leading role in managing investment strategy for Icahn Capital since October 2020, following a three-year period as a consultant providing investment advice to Carl C. Icahn.
His current board positions include Bausch Health Companies Inc. and Bausch + Lomb Corporation. Previously, Icahn served on the boards of Dana Inc., Newell Brands Inc., American Railcar Industries, Cadus Corporation, Nuance Communications, Take-Two Interactive Software, The Hain Celestial Group, and Voltari Corporation.
"We are pleased to welcome Brett Icahn to our Board of Directors," said Vince Intrieri, Chairman of the Board of SandRidge, in the press release. "His appointment reflects the strong commitment of our major shareholders to the long-term success of our company."
Icahn stated he looks forward to "contributing meaningfully to the Company’s continued growth and success, and to representing the interests of all shareholders."
SandRidge Energy is an independent oil and gas company focused on production, development and acquisition of oil and gas properties primarily in the Mid-Continent region covering Oklahoma, Texas, and Kansas. According to InvestingPro analysis, the company appears undervalued based on its Fair Value estimate, with 8 additional key insights available to subscribers through comprehensive Pro Research Reports.
In other recent news, SandRidge Energy Inc. reported its Q1 2025 earnings, revealing that both earnings per share (EPS) and revenue fell short of expectations. The company’s EPS was $0.39, missing the forecasted $0.51, while revenue reached $42.6 million, below the projected $48.76 million. These earnings results are crucial for investors as they assess the company’s financial performance. Additionally, SandRidge Energy held its 2025 Annual Meeting of Stockholders, where all proposals were approved, including the election of five directors. Nancy Dunlap received the highest number of votes, while Randolph C. Read received the least. The meeting also ratified the company’s independent auditor and included a non-binding advisory vote on executive compensation. These developments reflect significant shareholder engagement and corporate governance activities at SandRidge Energy.
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