Ovintiv eliminates EVP role, Renee Zemljak to retire Dec 1, 2024 after transition

Ovintiv Inc.

EVP Midstream, Marketing & Fundamentals role eliminated; Zemljak ceases officer role effective April 1, 2024.
Zemljak to serve as non-officer Senior Advisor through December 1, 2024, then retire.
During transition, she receives base salary, benefits, and continued vesting of existing equity; no new equity awards.
Lump sum severance of $2,075,090 at retirement subject to general release of claims.

item 5.02

Executive movements

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Departed

Renee E. Zemljak

Executive Vice-President, Midstream, Marketing & Fundamentals

OVV · Ovintiv Inc.

Effective: 2024-04-01
Filed: March 8, 2024, 6:59 PM ET

On March 7, 2024, Ovintiv Inc. (the “Company”) announced that it will eliminate the role of Executive Vice-President, Midstream, Marketing & Fundamentals of the Company, and as a result, Renee E. Zemljak will no longer serve in the role effective as of April 1, 2024.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Renee E. Zemljak departed as Executive Vice-President, Midstream, Marketing & Fundamentals at Ovintiv Inc..

Action: departed
Role: Executive Vice-President, Midstream, Marketing & Fundamentals

Exact text from the filing

On March 7, 2024, Ovintiv Inc. (the “Company”) announced that it will eliminate the role of Executive Vice-President, Midstream, Marketing & Fundamentals of the Company, and as a result, Renee E. Zemljak will no longer serve in the role effective as of April 1, 2024.

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Ovintiv Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-028751

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