Kimmeridge to nominate Scott Sheffield to Coterra Energy board, WSJ reports
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Investment firm Kimmeridge plans to nominate Scott Sheffield, former CEO of Pioneer Natural Resources, to the board of Coterra Energy. This move follows Kimmeridge's call for a leadership and strategy overhaul at Coterra, which it believes has not delivered value since the 2021 merger of Cabot Oil & Gas and Cimarex Energy, leaving the company trading at a discount compared to its peers. Neither Coterra Energy nor Kimmeridge has commented on the report.
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