Golar LNG Appoints Stephen Schaefer to Board of Directors, Expected to Bolster Growth Ambitions

Golar LNG Ltd has appointed Stephen J. Schaefer to its Board of Directors, effective August 1, 2025. Schaefer brings extensive experience in the energy sector, having held significant roles in various energy companies and private equity firms. His appointment is expected to bolster Golar's growth ambitions and strengthen its market position. However, the appointment will not take effect until August 2025, which may delay immediate strategic benefits.

Golar LNG Ltd (NASDAQ: GLNG) has announced the appointment of Stephen J. Schaefer to its Board of Directors, effective August 1, 2025. This move is expected to bolster Golar's growth ambitions and strengthen its market position. Schaefer brings extensive experience in the energy sector, having held significant roles in various energy companies and private equity firms.

Mr. Schaefer has a distinguished career spanning over three decades, with notable positions including Chairman of Talen Energy Corporation and GenOn Energy. He is also a Senior Advisor at EverGen Power LLC and has previously served as a Partner at Riverstone Holdings, a private equity firm focused on energy investing. Prior to retiring in 2015, he was a Managing Director at Huron Consulting Group and Duke Energy North America.

His appointment is expected to bring valuable insights and strategic leadership to Golar, as noted by Mr. Troim, Chairman of the Board, who said, "We are honoured to welcome Mr. Schaefer to the Board. His deep expertise in global energy markets combined with a sharp strategic vision and well-established industry credibility will be instrumental in advancing Golar’s growth ambitions."

However, it is important to note that the appointment will not take effect until August 2025, which may delay immediate strategic benefits. Additionally, Golar recently announced a convertible notes offering of $575 million and an equity buyback plan for 2.5 million shares, representing 2.4% of the company's shares for $102.97 million [2].

In conclusion, while Schaefer's appointment is a significant move for Golar, its impact on the company's immediate financial performance may be limited until his official joining in August 2025.

References:
[1] https://www.stocktitan.net/news/GLNG/appointment-of-director-to-the-acqihxjlcpks.html
[2] https://www.marketscreener.com/news/appointment-of-director-to-the-board-ce7c5fdcd88afe20