SilverBow Resources Announces Appointment of Leland T. Jourdan to the Board of Directors; Christoph O. Majeske Stepping Down

SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or “the Company”) announced today that Leland “Lee” T. Jourdan has been appointed to the SilverBow Board of Directors (the “Board”), effective March 27, 2024. Mr. Jourdan’s appointment is part of SilverBow’s long-term and ongoing director search program conducted over the last 18 months with the assistance of a globally recognized search firm.

Mr. Jourdan has deep experience in the oil and gas industry, and his leadership and accomplishments in promoting diversity, equity and inclusion (“DEI”) have been widely recognized. He brings a demonstrated track record in international commercial and business development, mergers and acquisitions, risk management and DEI experience at a global, Fortune 10 company. Mr. Jourdan retired from Chevron Corporation (NYSE: CVX) in 2021, having served in a variety of management roles during his 18-year career there, including as Chief Diversity and Inclusion Officer from 2018 to 2021 and Senior Management Sponsor from 2016 to 2018, as well as Vice President, Commercial and Business Development for each of the IndoAsia and Asia South regions. Before joining Chevron, Mr. Jourdan served in management, business development, trading and engineering roles at El Paso Corporation, PG&E Corporation (NYSE: PCG) and Consolidated Natural Gas Company. As a graduate of the US Military Academy at West Point, Mr. Jourdan was commissioned as an officer in the US Army, obtaining the rank of Captain prior to entering the private sector. He currently serves on the board of PROS Holdings, Inc. (NYSE: PRO) and on the advisory board of Pulsely, Inc.

Marcus C. Rowland, Independent Chairman of the Board, commented, “We are excited to welcome Lee, who brings outstanding oil and gas industry experience in international and domestic LNG markets, natural gas trading, business development, as well as DEI leadership, to the Board. SilverBow will benefit from his expertise as the management team continues to deliver on our strategy, integrate our recently acquired assets, expand free cash flow and de-lever our balance sheet to drive value for shareholders.”

The Company also announced that Christoph O. Majeske has resigned from the Board. Mr. Majeske, originally nominated by Strategic Value Partners, LLC (“SVP”), is the final SVP director to step down as part of its sell down of its equity position in the Company.

Mr. Rowland remarked, “On behalf of the SilverBow Board, we thank Christoph for his significant contributions to the Company over the past seven years. We are grateful for his leadership and financial expertise throughout his tenure and wish him all the best.”