Radnor, Pa., USA - Penn Virginia Corporation, a natural gas and oil company, announced the appointments of David Geenberg and Michael Hanna as new independent board members.
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David Geenberg is Co-Head of US Investment Team of Strategic Value Partners, (SVP), which together with its affiliates manage certain investment funds and accounts that hold approximately 10.2% of the Company’s outstanding common stock, respectively.
Mr. Geenberg joined SVP in 2009, and since such time, he has led the firm’s investment efforts in the infrastructure, energy, and power sectors in North America, serving on the steering committees of more than a dozen significant restructurings.
Previously, he worked at Goldman, Sachs & Co., most recently in the Infrastructure Investment Group and Principal Investment Area focused on energy and transportation infrastructure businesses, and, prior to that, in the investment bank’s Natural Resources Group.
Mr. Geenberg received a B.A. in Economics summa cum laude from Dartmouth College in 2005.
Michael Hanna is a Partner and Portfolio Manager of KLS Diversified Asset Management (KLS), which beneficially owns approximately 7.7% of the Company’s outstanding common stock.
Mr. Hanna joined KLS in July 2015 and has 16 years of investment banking and portfolio management experience.
Prior to joining KLS, Mr. Hanna was a Portfolio Manager and Head of Trading at BulwarkBay Investment Group, a firm he co-founded in 2011.
Previously, he was a portfolio manager with Concordia Advisors LLC, where he co-managed the firm’s Distressed Debt Fund.
Mr. Hanna joined Concordia in 2005.
Prior to joining Concordia, he worked in the Leveraged Finance/Financial Sponsors and Global Corporate Investment Banking groups of RBC Capital Markets from 2004 to 2005 and Bank of America Merrill Lynch from 2001 to 2004.
Mr. Hanna’s industry experience includes oil & gas, industrials, paper and forest products, insurance and financials, aerospace and energy.
He is a member of the board of directors of Modular Space Corporation and Sensei, Inc. ■