Highfields Capital Announces Resignation of Daniel Farb from the Board of Directors of MEG Energy Corp.
Retrieved on:
Tuesday, July 24, 2018
BOSTON, July 24, 2018 /PRNewswire/ --Highfields Capital Management ("Highfields"), a value-oriented investment firm that manages private funds which own more than 9.9% of MEG Energy Corp. (TSX: MEG) ("MEG Energy" or the "Company") shares, today announced that Daniel S. Farb has resigned from the Board of Directors of MEG Energy, effective immediately.
Key Points:
- BOSTON, July 24, 2018 /PRNewswire/ --Highfields Capital Management ("Highfields"), a value-oriented investment firm that manages private funds which own more than 9.9% of MEG Energy Corp. (TSX: MEG) ("MEG Energy" or the "Company") shares, today announced that Daniel S. Farb has resigned from the Board of Directors of MEG Energy, effective immediately.
- Mr. Farb, a Managing Director of Highfields, was appointed to MEG Energy's Board on December 1, 2017.
- "I have regrettably concluded that I am unable to perform my role effectively and have resigned from the Board," added Mr. Farb.
- Highfields noted that MEG Energy is distinguished by outstanding assets, technology and employees.