Denbury Resources Names John Dielwart Chairman

(RTTNews) - Denbury Resources Inc. (DNR) announced that it has selected John P. Dielwart to serve as its Chairman of the Board, succeeding Wieland Wettstein, a founding stockholder of the Company, who has served as Chairman of the Board since 2008 and a member of the Board since the Company's inception in 1990. Wettstein will be standing for re-election to the Board at the upcoming Annual Meeting to further facilitate a smooth and orderly transition of the Chairmanship.

Dielwart has been a member of the Board since 2013 and has served on the Compensation, Reserves and HSE, and Risk committees during his tenure. Mr. Dielwart is a founder and former Chief Executive Officer, as well as a current member of the board of directors, of ARC Resources Ltd. Dielwart oversaw the growth of ARC, first as its President and then as Chief Executive Officer from its startup in 1996 until his retirement in January 2013. Mr. Dielwart is currently the Vice-Chairman of ARC Financial Corp., a position he assumed after his retirement from ARC. Dielwart is also a member of the board of directors of Tesco Corporation (TESO), a publicly traded oilfield services company, and TransAlta Corporation, a publicly traded electricity power generator and wholesale marketing company.

Prior to joining ARC, Mr. Dielwart spent 12 years with a major Calgary-based oil and natural gas engineering consulting firm as Senior Vice President and Director.