Former Noble Energy Exec Brent Smolik Joins Marathon Oil Board
The addition of Brent Smolik, formerly president and COO of Noble Energy, increases the size of the Marathon Oil board of directors to nine, according to a company filing.
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Marathon Oil Corp. said Jan. 11 that Brent Smolik, a former executive at Noble Energy, has been elected to the company’s board of directors.
Brent Smolik
Smolik, 59, has over 35 years of experience in the oil and natural gas industry. He recently retired from his role as president and COO of Houston-based Noble Energy following its merger with Chevron Corp. in 2020.
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Wall Street s 6 Painful Lessons From Year of Epic Debt Fights
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(Bloomberg) From the collapse of storied retailers to the fall of a prominent hedge fund manager, 2020 offered a harsh reminder of what happens when the economy goes south.
Bankruptcies reached levels not seen in a decade, distressed debt soared to almost $1 trillion and it may take years to repair the damage to airlines, restaurants and hotels. While 2020 may be over, the drama probably isn’t.
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“If you don’t deeply cut debt and provide new cash to some of these companies, even restructuring won’t save them,” said Saul Burian, a senior member in Houlihan Lokey Inc.’s U.S. restructuring group. “All you’re really doing is changing ownership, and taking back a hobbled donkey does not make it a race horse.”