CALGARY, March 10, 2014 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We"
or "Our") (TSX: VET) (NYSE: VET) is pleased to announce that our Board
of Directors has approved the appointment of Ms. Sarah Raiss to our
Board of Directors and to Vermilion's Governance and Human Resources
Committee.
From 2000 to 2011, Ms. Raiss was Executive Vice President for
TransCanada Corporation where she was responsible for a broad portfolio
including organizational excellence, enhancing corporate culture, human
resources, information systems, aviation, building, office services,
real estate, and communications. Prior to TransCanada, Ms. Raiss had a
consulting firm specializing in strategy, culture change and merger
integration. Ms. Raiss has held various senior positions with firms in
the telecommunications industry including Ameritech (now AT&T).
Ms. Raiss holds a B.Sc. in Applied Mathematics and an MBA, both from the
University of Michigan. She has completed several courses including:
"Creating Value Through Finance" at Wharton School of the University of
Pennsylvania, Harvard University's "Making Corporate Boards More
Effective", and the Institute of Corporate Directors' (ICD) Directors'
Education Program, through which she earned the ICD.D designation. In
2003, the year of its inception, and in 2004, 2005 and 2006, Ms. Raiss
was named to Canada's Most Powerful Women Top 100, and in 2007 was
inducted into the Top 100 Hall of Fame.
We look forward to the contribution Ms. Raiss will make to our Board of
Directors and the ongoing success of Vermilion.
Vermilion is an oil-leveraged producer that adheres to a value creation
strategy through the execution of full cycle exploration and production
programs focused on the acquisition, exploration, development and
optimization of producing properties in Western Canada, Europe and
Australia. Our business model targets annual organic production growth
of approximately 5% along with providing reliable and increasing
dividends to investors. Vermilion is targeting growth in production
primarily through the exploitation of conventional resource plays in
Western Canada, including Cardium light oil and liquids rich natural
gas, the exploration and development of high impact natural gas
opportunities in the Netherlands and through drilling and workover
programs in France and Australia. Vermilion also holds an 18.5% working
interest in the Corrib gas field in Ireland. In addition, Vermilion
pays a monthly dividend of Canadian $0.215 per share, which provides a
current yield in excess of 4%. Management and directors of Vermilion
hold approximately 8% of the outstanding shares and are dedicated to
consistently delivering superior rewards for all stakeholders,
featuring an 20-year history of market outperformance. Vermilion trades
on the Toronto Stock Exchange and the New York Stock Exchange under the
symbol VET.
SOURCE Vermilion Energy Inc.
