Summary
Cheniere Energy, Inc. (LNG) announced changes to its Board of Directors on July 1, 2021. Nuno Brandolini resigned from the Board, and his departure was stated as not being due to any disagreements with the company or its management. Concurrently, the Board appointed two new independent directors, Patricia K. Collawn and Lorraine Mitchelmore, to fill existing vacancies. These appointments are significant for governance oversight, with both new directors being assigned to key committees. Ms. Collawn will serve on the Audit and Compensation Committees, while Ms. Mitchelmore will join the Audit and Governance and Nominating Committees. Both new directors will receive compensation consistent with other non-employee directors and have entered into standard indemnification agreements.
Key Highlights
- 1Nuno Brandolini resigned from Cheniere Energy's Board of Directors on July 1, 2021.
- 2The resignation of Nuno Brandolini was not related to any disputes with the company or its management.
- 3Patricia K. Collawn was appointed as a new independent director to the Board.
- 4Lorraine Mitchelmore was appointed as a new independent director to the Board.
- 5Ms. Collawn has been appointed to the Audit and Compensation Committees.
- 6Ms. Mitchelmore has been appointed to the Audit and Governance and Nominating Committees.
- 7The new directors will receive standard compensation for non-employee directors.