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THE WOODLANDS, Texas - Ring Energy, Inc. (NYSE American: REI), an oil and gas exploration and production company currently trading at $370.25, announced today the upcoming retirement of board member Ms. Regina Roesener and the appointment of Ms. Carla Tharp as an independent Director. Both changes to the board are effective from April 14, 2025. The company's stock has seen a -7.1% return year-to-date, according to InvestingPro data.
Ms. Roesener, who joined the company's Board of Directors in 2019, will be retiring after providing valuable insights and strategic guidance over the years. Mr. Paul D. McKinney, Chairman and CEO, expressed gratitude for her contributions, stating, "She joined our Board in 2019 and her financial markets and board governance experience was greatly valued." For investors seeking deeper insights into Ring Energy's governance and financial health, InvestingPro offers comprehensive analysis through its exclusive Pro Research Report, featuring detailed metrics and expert analysis among 1,400+ top US stocks.
Ms. Tharp, the incoming Director, is currently the CEO of Apoyar Energy and has a background in upstream oil and gas exploration and production. Her experience includes serving as President of C.T. Tharp & Co., and holding various leadership roles at APA Corporation between 2020 and 2023, including Vice President positions in New Business & Commercial, Corporate Development, and Reserves. Prior to APA, Ms. Tharp worked in energy investment banking and acquisitions and divestitures at firms like Raymond James Financial, Inc., Citigroup Inc., and Lantana Energy Advisors.
A graduate of Texas A&M University with a Bachelor of Science in Petroleum Engineering, Ms. Tharp is also a licensed professional engineer in Texas and has held Series 79 and 63 FINRA licenses. Her appointment is expected to bring technical and financial expertise to the Board, complementing the existing Directors' skills. McKinney remarked on her track record in the industry, saying, "Her proven multi-decade track record of sourcing, evaluating, and executing significant organic and external value-enhancing opportunities will prove invaluable as Ring continues to execute its proven strategy designed to further position the Company for long-term success."
Ring Energy, with its operations focused on the Permian Basin, has stated that these board changes align with its strategic plans for growth and success. The stock has been trading within a 52-week range of $344.35 to $445.42, showing a -13% return over the past six months. The information in this article is based on a press release statement from Ring Energy, Inc. Investors can access detailed financial analysis and additional ProTips about Ring Energy through InvestingPro's comprehensive research platform.
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