Ovintiv Broadcasts Retirement of Peter Dea from its Board of Administrators

Steven Nance to Succeed Dea as Board Chairman

Ovintiv Inc. (NYSE: OVV) (TSX: OVV) (“Ovintiv” or the “Firm”) as we speak introduced that Peter Dea will retire from its Board of Administrators (the “Board”) efficient Might 6, 2026. Steven Nance has been unanimously elected by the Board to exchange Dea as Board Chairman.

Mr. Dea joined the Board in 2010 and has served as Chairman since 2020. With over 40 years of management and worth creation experience within the E&P trade, efficiently main each private and non-private firms, he developed a observe document of delivering substantial shareholder worth. His expertise dropped at the Ovintiv Board priceless perception into oil and fuel operations, sustainability, technique, and energy-related coverage. By his private {and professional} efforts, Mr. Dea has prioritized sustainability and stewardship and, together with his household, established a basis that helps schooling, science, and conservation causes.

“On behalf of the Board and our management crew, I want to thank Peter for his many contributions over the past 15 years,” stated Brendan McCracken, Ovintiv’s President and CEO. “His wealth of data, sturdy management and dedication have been invaluable to our firm. We’ll miss his smart counsel and want him effectively in retirement.” McCracken continued, “We stay up for having Steve as our new Board Chair. His confirmed management, various expertise and dedication to sturdy company governance will serve us effectively.”

Nance brings over a decade of expertise as a company director and intensive experience in governance, M&A and shareholder engagement. He has served on a number of private and non-private boards, has expertise as Lead Director and Committee Chair, and contributed to best-in-class governance practices. He’s at present President and Supervisor of Steele Creek Power, LLC, a non-public oil and fuel funding agency. He has served on the Ovintiv Board for six years and is at present the Chair of the Atmosphere, Well being and Security Committee. 

Additional info on Ovintiv Inc. is on the market on the Firm’s web site, www.ovintiv.com, or by contacting:

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SOURCE Ovintiv Inc.

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