Summary
Cheniere Energy, Inc. (LNG) has announced the appointment of Michele A. Evans as an independent member of its Board of Directors, effective June 7, 2019. Ms. Evans brings extensive executive experience from Lockheed Martin Corporation, where she held senior leadership roles in the Aeronautics business area. Her appointment to the Board and its Audit Committee and Governance and Nominating Committee is expected to enhance the company's governance and strategic oversight. Ms. Evans will receive compensation consistent with other non-employee directors, including an annual retainer of $295,000 comprised of an equity retainer and additional compensation options. Her appointment is a positive development for investors, signaling a commitment to strengthening the Board's expertise with an individual possessing a strong background in complex industrial operations and financial oversight, as evidenced by her roles and committee appointments.
Key Highlights
- 1Appointment of Michele A. Evans as an independent director to the Board of Directors.
- 2Ms. Evans has been appointed to the Audit Committee and the Governance and Nominating Committee.
- 3Ms. Evans possesses significant executive experience from Lockheed Martin Corporation, including her role as Executive Vice President of Aeronautics.
- 4She is considered an independent director and meets NYSE American listing standards for the Audit Committee.
- 5Ms. Evans will receive standard compensation for non-employee directors, totaling $295,000 annually (pro-rated).
- 6Compensation includes an equity retainer and a choice between restricted stock or cash for additional compensation.
- 7The company has filed a press release as Exhibit 99.1 announcing this appointment.