APA Corporation Board Chair John E. Lowe Announces Retirement; Director H. Lamar McKay to Serve as New Chair
15 July 2022 - 7:15AM
APA Corporation (Nasdaq: APA) today announced the election of H.
Lamar McKay as the next chairman of the board. This follows the
announcement by current chairman John E. Lowe of his decision to
retire. Following a transition period, the change will be effective
Sept. 1.
McKay, 63, was appointed to the APA board in Feb. 2021 and has
served on the Corporate Responsibility, Governance, and Nominating
Committee and the Management Development and Compensation
Committee. He also serves on the board of CRH PLC as a
non-executive director. Prior to joining the APA board, he served
as the chief transition officer of BP PLC (BP) from October 2019
until his retirement in December 2020. He previously served as BP’s
deputy chief executive officer since February 2016. Prior to that
role, from January 2013, McKay was the chief executive of BP’s
worldwide upstream business. He was also chairman and president of
BP America, Inc. and executive vice president of BP since January
2009. He began his career in 1980 with Amoco (now BP) and held
leadership positions of increasing responsibility throughout his
career.
“We are pleased to announce Lamar will be assuming the role of
APA board chair following my retirement,” said Mr. Lowe.
“Lamar is a respected leader in the industry, with over 40 years of
international natural gas and oil experience, and his appointment
is a testament to his excellent working relationship with all of
our board and senior management. On behalf of the entire board, we
welcome Lamar as our next board chair.”
Lowe, 63, has served on the APA board since 2013, and also
serves as a member of the board of directors for Phillips 66 and TC
Energy Corporation. Prior to joining the APA board, he held a
series of executive positions with ConocoPhillips, including
executive vice president, Exploration & Production; executive
vice president, Commercial; and executive vice president, Planning,
Strategy and Corporate Affairs. He is a former board member of
Agrium Inc. (now Nutrien), Chevron Phillips Chemical Co. LLC, DCP
Midstream LLC and DCP Midstream GP, LLC, the general partner of DCP
Midstream Partners LP.
“We would like to thank John for his longstanding service to
APA, as board chair since 2015, and as a director since 2013,” said
Mr. McKay. “John’s leadership helped guide the company through some
of the most challenging years of its 68-year history. We greatly
appreciate his vision, strategic guidance and commitment and wish
him the best in his future efforts,” said McKay.
About APA
APA Corporation owns consolidated subsidiaries that explore for
and produce oil and natural gas in the United States, Egypt and the
United Kingdom and that explore for oil and natural gas offshore
Suriname. APA posts announcements, operational updates, investor
information and press releases on its website, www.apacorp.com.
Additional details regarding Suriname, ESG performance and other
investor-related topics are posted at investor.apacorp.com.
Contacts
Investor: (281) 302-2286 Gary ClarkMedia: (713) 264-2755 Castlen
Kennedy
Website: www.apacorp.com
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