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Liberty Energy Inc. Appoints Arjun Murti to Its Board of Directors

1. Liberty Energy appointed Arjun Murti to its Board of Directors. 2. Murti has over 30 years of energy sector experience. 3. His expertise aligns with Liberty's mission of bettering human lives. 4. He previously served as a partner at Goldman Sachs. 5. Murti is currently on ConocoPhillips' board, enhancing industry insight.

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FAQ

Why Bullish?

Murti's vast experience may enhance strategic decisions, positively influencing market perception.

How important is it?

The board addition may directly impact Liberty's strategic direction, which can affect stock performance.

Why Long Term?

The appointment signals a positive long-term strategy for Liberty, similar to previous successful board additions.

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DENVER--(BUSINESS WIRE)--Liberty Energy Inc. (NYSE: LBRT; “Liberty” or the “Company”) announced today the appointment of Arjun Murti to its Board of Directors. “We are pleased to welcome Arjun to the Board and the Liberty family,” said Ron Gusek, President and named successor to the chief executive officer. “Arjun has spent over 30 years as an equity research analyst, advisor, and board member covering the global energy sector. His exceptional experience and expertise in energy markets, policy, and strategy is a complementary addition to our Board. His passion for advancing global prosperity through expanded energy access aligns seamlessly with Liberty’s mission of Bettering Human Lives.” Mr. Murti is a Partner at Veriten LLC, a private research, investment and strategy firm, and a Senior Advisor at Warburg Pincus, a private equity firm. He previously served as a Partner at Goldman Sachs from 2006 to 2014. Prior to becoming Partner, he held the roles of Managing Director from 2003 to 2006 and as Vice President from 1999 to 2003. Mr. Murti was an equity research analyst at Goldman Sachs specializing in the energy sector and later served as Co-Director of Equity Research for the Americas from 2012 to 2014. Earlier in his career, Mr. Murti held equity analyst positions at JP Morgan Investment Management from 1995 to 1999 and at Petrie Parkman from 1992 to 1995. Mr. Murti has been a member of the board of directors of ConocoPhillips since 2015 and serves on their audit and finance committee as chair, executive committee, and human resources and compensation committee. He also serves on the advisory boards of ClearPath and the Center on Global Energy Policy at Columbia University. Mr. Murti holds a Bachelor of Science and Arts in Finance from the University of Denver. About Liberty Liberty Energy Inc. (NYSE: LBRT) is a leading energy services company. Liberty is one of the largest providers of completion services and technologies to onshore oil, natural gas, and enhanced geothermal energy producers in North America. Liberty also owns and operates Liberty Power Innovations LLC, providing advanced distributed power and energy storage solutions for the commercial and industrial, data center, energy, and mining industries. Liberty was founded in 2011 with a relentless focus on value creation through a culture of innovation and excellence and the development of next generation technology. Liberty is headquartered in Denver, Colorado. For more information, please visit www.libertyenergy.com and www.libertypowerinnovations.com, or contact Investor Relations at IR@libertyenergy.com.

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