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Pioneer Natural Resources and Southeastern Asset Management Announce Agreement Altering Pioneer's Board of Directors
Under the agreement, Pioneer’s Board will be reduced from eleven members to ten members, consisting of seven existing Board members and three new directors to be recommended by Southeastern, whose nomination is subject to approval by Pioneer.
Southeastern has proposed for consideration the three individuals to be
added to Pioneer’s Board of Directors. Concurrently, the Nominating and
Governance Committee of Pioneer’s Board is identifying the six outside
directors who will remain on the Board with
“Southeastern is a valued partner and astute investor, and we appreciate
their long-term commitment to our vision and continued success,” stated
Pioneer is a large independent oil and gas exploration and production
company, headquartered in
Pioneer Natural Resources
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