{"id":516744,"date":"2021-07-22T16:11:46","date_gmt":"2021-07-22T20:11:46","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/centennial-resource-development-inc-appoints-vidisha-prasad-to-its-board-of-directors-following-the-retirement-of-karl-bandtel\/"},"modified":"2021-07-22T16:11:46","modified_gmt":"2021-07-22T20:11:46","slug":"centennial-resource-development-inc-appoints-vidisha-prasad-to-its-board-of-directors-following-the-retirement-of-karl-bandtel","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/centennial-resource-development-inc-appoints-vidisha-prasad-to-its-board-of-directors-following-the-retirement-of-karl-bandtel\/","title":{"rendered":"Centennial Resource Development, Inc. Appoints Vidisha Prasad to its Board of Directors Following the Retirement of Karl Bandtel"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">DENVER, July  22, 2021  (GLOBE NEWSWIRE) &#8212; Centennial Resource Development, Inc. (\u201cCentennial\u201d or the \u201cCompany\u201d) (NASDAQ: CDEV) today announced that Vidisha Prasad has been appointed to its Board of Directors, effective immediately. Ms. Prasad will serve as a member of the Audit Committee and Nominating, Environmental, Social and Governance Committee. Additionally, Karl Bandtel announced his retirement from the Board, also effective today.<\/p>\n<p align=\"justify\">\u201cWe are very excited to welcome Vidisha to our Board of Directors,\u201d said Steven Shapiro, Chairman of the Board. \u201cVidisha\u2019s extensive oil and gas experience coupled with her strategic advisory and capital markets expertise will be a valuable asset to Centennial and our shareholders.\u201d<\/p>\n<p align=\"justify\">Ms. Prasad is the Managing Partner of Adya Partners, a multi-strategy investment and advisory firm focused on private secondary investments, early-stage venture capital and strategic advisory in the energy, energy transition and technology sectors. Ms. Prasad brings nearly two decades of experience in energy investments, strategic and Board advisory, corporate mergers, asset acquisitions and divestitures, capital markets and restructuring. She has been involved in the execution and origination of more than $80 billion of domestic and cross-border M&amp;A advisory, leveraged buyouts and capital raising transactions across the US, Europe and Asia. Prior to founding Adya Partners, Ms. Prasad was a founding member of Guggenheim Securities\u2019 Energy Investment Banking practice. Prior to that, she was a member of Citi\u2019s Global Energy Investment Banking Group. Ms. Prasad serves on the Energy 2.0 Committee of the Greater Houston Partnership and the Transportation Implementation Committee of the Houston Climate Action Plan. She also serves on the Board of the Grammy\u00ae award winning Houston Chamber Choir, where she chairs the Development Committee. She graduated with a Bachelor of Arts in Economics from the University of Rochester.<\/p>\n<p align=\"justify\">\u201cIn addition, on behalf of the Centennial Board, the Company and all of its employees, I\u2019d like to thank Karl for his dedicated and insightful service to Centennial since the Company first became public in 2016. His guidance and thoughtfulness have been instrumental in helping to navigate the Company since our public debut. We will miss him and wish him the very best in the future,\u201d said Mr. Shapiro.<\/p>\n<p align=\"justify\">\n        <strong>About Centennial Resource Development, Inc.<\/strong>\n      <\/p>\n<p align=\"justify\">Centennial Resource Development, Inc. is an independent oil and natural gas company focused on the development of oil and associated liquids-rich natural gas reserves in the Permian Basin. The Company\u2019s assets and operations, which are held and conducted through Centennial Resource Production, LLC, are concentrated in the Delaware Basin, a sub-basin of the Permian Basin. For additional information about the Company, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=9x6_Tgx8WuwjpS8Kg8_iBSWRTeefOK8h0ygbyaaBVV_0lMlMvW0_PMzeaiNMmmyQlEO1sAtc9b1PctAQEFKB6A==\" rel=\"nofollow noopener\" target=\"_blank\">www.cdevinc.com<\/a>.<\/p>\n<p align=\"justify\">\n        <strong>Contact:<\/strong>\n      <\/p>\n<p align=\"justify\">Hays Mabry<br \/>Director, Investor Relations<br \/>(832) 240-3265<br \/>ir@cdevinc.com<\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI4NTE4MCM0MzA4ODU4IzIwNzAyMzE=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/0d5ab354-72f6-4356-b5b6-50839bf63cd5\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>DENVER, July 22, 2021 (GLOBE NEWSWIRE) &#8212; Centennial Resource Development, Inc. (\u201cCentennial\u201d or the \u201cCompany\u201d) (NASDAQ: CDEV) today announced that Vidisha Prasad has been appointed to its Board of Directors, effective immediately. Ms. Prasad will serve as a member of the Audit Committee and Nominating, Environmental, Social and Governance Committee. Additionally, Karl Bandtel announced his retirement from the Board, also effective today. \u201cWe are very excited to welcome Vidisha to our Board of Directors,\u201d said Steven Shapiro, Chairman of the Board. \u201cVidisha\u2019s extensive oil and gas experience coupled with her strategic advisory and capital markets expertise will be a valuable asset to Centennial and our shareholders.\u201d Ms. Prasad is the Managing Partner of Adya Partners, a multi-strategy investment and advisory &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/centennial-resource-development-inc-appoints-vidisha-prasad-to-its-board-of-directors-following-the-retirement-of-karl-bandtel\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Centennial Resource Development, Inc. Appoints Vidisha Prasad to its Board of Directors Following the Retirement of Karl Bandtel&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-516744","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Centennial Resource Development, Inc. Appoints Vidisha Prasad to its Board of Directors Following the Retirement of Karl Bandtel - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/centennial-resource-development-inc-appoints-vidisha-prasad-to-its-board-of-directors-following-the-retirement-of-karl-bandtel\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Centennial Resource Development, Inc. Appoints Vidisha Prasad to its Board of Directors Following the Retirement of Karl Bandtel - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"DENVER, July 22, 2021 (GLOBE NEWSWIRE) &#8212; Centennial Resource Development, Inc. (\u201cCentennial\u201d or the \u201cCompany\u201d) (NASDAQ: CDEV) today announced that Vidisha Prasad has been appointed to its Board of Directors, effective immediately. Ms. Prasad will serve as a member of the Audit Committee and Nominating, Environmental, Social and Governance Committee. Additionally, Karl Bandtel announced his retirement from the Board, also effective today. \u201cWe are very excited to welcome Vidisha to our Board of Directors,\u201d said Steven Shapiro, Chairman of the Board. \u201cVidisha\u2019s extensive oil and gas experience coupled with her strategic advisory and capital markets expertise will be a valuable asset to Centennial and our shareholders.\u201d Ms. Prasad is the Managing Partner of Adya Partners, a multi-strategy investment and advisory &hellip; Continue reading &quot;Centennial Resource Development, Inc. Appoints Vidisha Prasad to its Board of Directors Following the Retirement of Karl Bandtel&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/centennial-resource-development-inc-appoints-vidisha-prasad-to-its-board-of-directors-following-the-retirement-of-karl-bandtel\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-22T20:11:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI4NTE4MCM0MzA4ODU4IzIwNzAyMzE=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/centennial-resource-development-inc-appoints-vidisha-prasad-to-its-board-of-directors-following-the-retirement-of-karl-bandtel\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/centennial-resource-development-inc-appoints-vidisha-prasad-to-its-board-of-directors-following-the-retirement-of-karl-bandtel\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Centennial Resource Development, Inc. 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Ms. Prasad will serve as a member of the Audit Committee and Nominating, Environmental, Social and Governance Committee. Additionally, Karl Bandtel announced his retirement from the Board, also effective today. \u201cWe are very excited to welcome Vidisha to our Board of Directors,\u201d said Steven Shapiro, Chairman of the Board. \u201cVidisha\u2019s extensive oil and gas experience coupled with her strategic advisory and capital markets expertise will be a valuable asset to Centennial and our shareholders.\u201d Ms. Prasad is the Managing Partner of Adya Partners, a multi-strategy investment and advisory &hellip; Continue reading \"Centennial Resource Development, Inc. 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