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8-K - 8-K - Pioneer PE Holding LLC | d763298d8k.htm |
EX-10.1 - EX-10.1 - Pioneer PE Holding LLC | d763298dex101.htm |
Exhibit 99.1
NEWS RELEASE |
Parsley Energy Appoints Dr. Hemang Desai to its Board of Directors
MIDLAND, Texas, July 24, 2014 Parsley Energy, Inc. (NYSE: PE) (Parsley Energy or the Company) announced today that Dr. Hemang Desai has been appointed to the Companys Board of Directors (the Board), effective July 23, 2014, and will serve on the Boards Audit and Compensation Committees.
Dr. Desai is Chair of the Accounting Department and Robert B. Cullum Professor of Accounting at Southern Methodist University (SMU) in Dallas. He joined SMUs faculty in 1998 and has served as Chair of the Accounting Department since 2010. Dr. Desais research on accounting and capital markets has been published in top academic journals and has been the subject of articles at publications such as the Wall Street Journal, Barrons, the New York Times, and CFO Magazine. His consulting clients have included McKinsey & Co., Entergy Corp, and Baker & McKenzie.
Dr. Desais expertise on financial reporting and corporate governance, as well as his experience applying this knowledge in a variety of company contexts, complement the expertise and experience currently represented on the Board, said Bryan Sheffield, Parsley Energys President, CEO, and Chairman of the Board. We look forward to learning from his perspectives.
Dr. Desai holds a B.Sc. from St. Xaviers College, Bombay, India; an M.B.A. from the University of New Orleans; and a Ph.D. in Business Administration from the Freeman School of Business at Tulane University.
About Parsley Energy, Inc.
Parsley Energy, Inc. is an independent oil and natural gas company focused on the acquisition, development, and exploitation of unconventional oil and natural gas reserves in the Permian Basin. For more information, visit our website at www.parsleyenergy.com.
Contact Information:
Brad Smith, CFA
Parsley Energy, Inc.
Director, Investor Relations
ir@parsleyenergy.com
(512) 505-5199
Dennard Lascar Associates
Jack Lascar, jlascar@dennardlascar.com
Lisa Elliott, lelliott@dennardlascar.com
(713) 529-6600
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