Intrepid Potash Inc., Denver, Colo., on June 29 announced the appointment of Lori A. Lancaster as a new independent director to Intrepid’s Board of Directors, effective July 28, 2021. She replaces Terry Considine, who will retire on July 28.
With nearly 20 years of experience and leadership in investment banking, Intrepid said Lancaster brings additional financial, merger and acquisition, and oil and gas experience to the board. She most recently served as Managing Director for UBS Securities LLC in its Global Energy Group from 2013-2016. Prior to UBS, she worked for Nomura Securities International and Goldman Sachs & Co. as Managing Director in eachcompany’s Natural Resources Group.
Lancaster currently serves as an independent director for Laredo Petroleum, where she serves as the Finance Committee Chair and a member of the Audit Committee. She previously served as an independent director for HighPoint Resources and Energen Corp.
“The depth of Lori’s investment banking experience serving clients across the natural resources and energy sectors is a wonderful fit for a growing and diversified company like Intrepid.” said Bob Jornayvaz, Intrepid’s Executive Chairman, President, and CEO. “Lori has been involved with over $60 billion of M&A deals in her 20-year investment banking career, in addition to numerous capital-raising transactions, initial public offerings, structured financings, and debt offerings. We believe her experience and guidance will significantly benefit Intrepid and its shareholders.”
Considine has served on Intrepid’s board for 13 years and was one ofthe original members. He is a member of the Colorado Business Hallof Fame and serves as CEO of Apartment Income REIT Corp.