On October 24, 2024, APA Corporation (APA, Financial) announced a significant expansion of its board of directors, increasing the number of directors to eleven with the appointment of Kenneth M. Fisher. Mr. Fisher will serve on both the Audit Committee and the Cybersecurity Committee of the Board.
Mr. Fisher, aged 62, brings a wealth of experience to APA Corporation, having served as Executive Vice President and Chief Financial Officer of ChampionX Corporation since February 1, 2021. Prior to this, he held the position of Executive Vice President and Chief Financial Officer at Noble Energy, Inc. until its acquisition by Chevron in October 2020. His extensive career also includes senior leadership roles at Shell and General Electric Company, where he held various strategic and financial positions.
In his new role at APA Corporation, Mr. Fisher will receive compensation aligned with that of the company's other non-employee directors, as detailed in the company's definitive proxy statement for its 2024 annual meeting of stockholders. The appointment does not involve any new material plans, contracts, or arrangements, nor does it include any grants or awards under existing plans.
Mr. Fisher's appointment is expected to enhance the board's expertise, particularly in financial oversight and cybersecurity, areas critical to APA Corporation's strategic objectives. His extensive background in finance and leadership will be invaluable as the company continues to navigate the complexities of the energy sector.
APA Corporation's decision to expand its board reflects its commitment to strengthening governance and ensuring robust oversight as it pursues its growth and sustainability goals.
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