Par Petroleum appoints four new board directors

Par Petroleum Corp.

Par Petroleum Corp. (OTCQB:PARR) has appointed Melvyn N. Klein, Curt Anastasio, Timothy Clossey, and Robert Silberman to the company’s board of directors. Resigning from the board were Michael Keener and Benjamin Lurie. These changes expand the board to seven, six of whom are independent directors.

Klein will take over the role as chairman of the board, while Monteleone will continue in his role as president and CEO; he is also a director of the company. Klein is a private investor and founder of Melvyn N. Klein Interests. He is president of JAKK Holding Corp., the managing general partner of the investment partnership GKH Partners LP from 1987 until 2008, and an attorney and counselor-at-law since 1968. Earlier in his career, he was a McKinsey & Company consultant and a senior officer of Donaldson, Lufkin and Jenrette Inc. (subsequently merged with Credit Suisse). He has been the president and CEO of two American Stock Exchange listed companies: Altamil Corporation and Eskey, Inc.

Anastasio is the executive chairman of GasLog Partners LP, a subsidiary of GasLog Ltd., a growth-oriented international owner, operator and manager of liquefied natural gas (LNG) carriers, providing support to international energy companies as part of their LNG logistics chain. Appointed executive chairman in February,  Anastasio led the IPO of the company in May. He previously served as president and CEO of NuStar Energy LP.

Clossey is the president and owner at Spirit Technologies. He previously served as production manager and major projects director for BP Cherry Point. He was a consultant to the board at SaltChuck Resources on M&A opportunities, and a board member at Timec Inc. Clossey served as president and CEO of ARCO Marine Inc. At ARCO, he was vice president of corporate strategic planning for all of ARCO’s downstream companies; vice president of engineering, technology, and R&D; and manager of the Clean Fuels Development Task Force.

Silberman was named executive chairman of the board of Strayer Education Inc. in 2013. He was chairman of the board from February 2003 to 2013, and CEO from March 2001 to 2013. From 1995 to 2000, Silberman served in a variety of senior management positions at CalEnergy Co. Inc., including as president and COO. From 1993 to 1995, Silberman was assistant to the chairman and CEO of International Paper Co. From 1989 to 1993, he served in several senior positions in the US Department of Defense, including as assistant secretary of the Army. He has been a director of Strayer since March 2001. He serves on the board of directors of Covanta Holding Co. and 21st Century Fox. He also serves on the board of visitors of the Johns Hopkins University School of Advanced International Studies. He is a member of the Council on Foreign Relations.


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