Summary
Cheniere Energy, Inc. (LNG) announced a change to its Board of Directors. Effective immediately, Courtney Mather resigned from the Board. In a related move, the Board appointed Andrew Teno to fill the vacancy. Mr. Teno's appointment is in accordance with a prior Nomination & Standstill Agreement with the Icahn Group, dated August 21, 2015. This indicates a continued relationship or engagement with entities associated with Carl Icahn. Mr. Teno brings a background in portfolio management and value investing, having most recently served as a Portfolio Manager at Icahn Capital since October 2020. His prior experience includes roles at Fir Tree Partners, Crestview Partners, and Gleacher Partners, with a focus on private equity and M&A. He has also served on the board of Eco-Stim Energy Solutions, Inc. Mr. Teno's appointment to the Audit Committee suggests a focus on financial oversight, and he has been deemed an independent director. He will receive standard director compensation.
Key Highlights
- 1Courtney Mather resigned from Cheniere Energy's Board of Directors.
- 2Andrew Teno was appointed to the Board of Directors, effective immediately.
- 3Mr. Teno's appointment is pursuant to a Nomination & Standstill Agreement with the Icahn Group.
- 4Mr. Teno has been appointed to the Board's Audit Committee.
- 5Mr. Teno is considered an independent director.
- 6Mr. Teno's background includes portfolio management at Icahn Capital and prior experience in private equity and M&A.
- 7Mr. Teno will receive standard director compensation.