Intrepid Acquisition Corporation I
MANAGEMENT & BOARD
Executive Officers
Robert P. Jornayvaz III, 63
Chief Executive Officer and Chairman
Robert P. Jornayvaz III was one of the original co-founders of Intrepid Mining, IPI’s predecessor. Mr. Jornayvaz has served as IPI’s Executive Chairman of the board of directors since 2010 and as IPI’s Chief Executive Officer since August 2014 and served as IPI’s President from August 2014 until August 2021. He previously served as IPI’s Chairman of the board of directors and Chief Executive Officer from its formation in 2007 until 2010. Mr. Jornayvaz served, directly or indirectly, as a manager of Intrepid Mining from 2000 until its dissolution at the time of IPI’s initial public offering in 2008. He has diverse business interests in addition to IPI, including ownership and executive positions in various public and private oil and gas exploration and production, construction, and real estate companies. He graduated from Phillips Exeter Academy and holds a B.A. degree from the Plan II Honors Program at The University of Texas. Mr. Jornayvaz has over 35 years of experience running IPC, Intrepid Mining and IPI, which has included sourcing, acquiring, developing, managing financing, and divesting assets and companies in various industries, including mining, oil and gas, real estate, and construction projects through the various companies with which he is affiliated. Mr. Jornayvaz, as Chairman and Chief Executive Officer, was also the architect of Intrepid Mining’s acquisitions of its Moab, Wendover, and Carlsbad facilities prior to taking the company public in 2008.
E. Brian Stone, 59
President and Chief Operating Officer
E. Brian Stone has served as IPI’s President since August 2021 and as IPI’s Chief Operating Officer since December 2019. Prior to joining IPI, Mr. Stone was the Chief Operating Officer for Hupecol Operating Co. LLC, an international oil and gas company focused on South America and Europe (“Hupecol”), from 2005 to 2019. During his tenure at Hupecol, and its affiliated company (Dan A. Hughes Co.), Mr. Stone sourced, negotiated, and closed approximately $2 billion in transactions. Prior to joining Hupecol, Mr. Stone was a Managing Director for Huber Energy Services, a division of J.M. Huber Corporation (“Huber”). He also served as Chief Risk Officer in Huber’s Edison, New Jersey headquarters, and was Vice President of Marketing in the Houston-based Energy Division. Mr. Stone has 35 years of experience in the natural resources industry. Mr. Stone is a graduate of Texas A&M University, with an MBA from Houston Baptist University.
Matthew D. Preston, 37
Chief Financial Officer
Matthew D. Preston has been IPI’s principal financial officer and principal accounting officer since November 2019 and has served as IPI’s Chief Financial Officer since December 2021. Mr. Preston served as IPI’s Vice President of Finance from November 2019 to December 2021 and as IPI’s Director of Budget and Forecast from April 2016 to November 2019. Previously, Mr. Preston served in successively more senior finance roles after joining IPI in 2008, including Senior Manager of Budget and Forecast, Manager of Budget and Forecast, and Financial Analyst. His current role requires navigating the distinctive financial challenges faced by a commodity-oriented business
Kyle R. Smith, 48
General Counsel and Secretary
Kyle R. Smith has been IPI’s Vice President, General Counsel and Secretary since December 2019. Before joining IPI, Mr. Smith served as General Counsel for an Alaska Native Claims Settlement Act Regional Corporation. Prior to that, Mr. Smith was in private practice from July 2017 to January 2019, and served as Executive Vice President and General Counsel for Echo Energy, a start-up pure-play oil and gas company, from December 2016 to June 2017 and as Assistant General Counsel for Operations for Continental Resources, a large independent upstream producer, from 2014 to June 2016. Mr. Smith holds a B.A. degree in history and communications from the University of Colorado, Boulder and a J.D. from the University of Wyoming College of Law.
Board of Directors
James C. “Rad” Weaver, 46
Director Nominee
Mr. Weaver, through CW Interests, is a co-owner of our sponsor. He is the founder, owner and the Chief Executive Officer of CW Interests. Prior to CW Interests, Mr. Weaver served as the Chief Executive Officer of McCombs Partners, the investment management division of McCombs Enterprises, the family office of Red McCombs, from 2006 to 2020. Mr. Weaver is a member of several public and private boards, including Build Acquisition Corp. (NYSE: BGSX), a blank check company targeting the enterprise software and technology-enabled services markets, since March 2021, KB Home (NYSE: KBH), a homebuilding company based in the United States, since October 2017, Jonah Energy, since 2020, Cox Enterprises, Inc., a privately held global conglomerate, since 2015, Milestone Brands LLC, an acquirer and builder of alcohol beverage brands, since 2015. He holds a B.A. degree in finance from The University of Texas at Austin and serves as Vice Chairman of The University of Texas Board of Regents. Mr. Weaver serves as the Chairman of The University Lands Advisory Board and as a member of the board of UTIMCO (The University of Texas/Texas A&M Investment Management Company). Mr. Weaver brings a wealth of deal making experience to the Board, having completed a significant number of transactions in various industries, including investments in Jonah Energy, HMS Construction, Inc., a specialized general engineering and electrical contractor, D4 Infrastructure, LLC, a privately owned holding company that supports all facets of infrastructure in the United States, a privately held, regional fast food restaurant chain that specializes in hamburgers and a fintech insurance brokerage.
William D. Von Gonten, Jr., 56
Director Nominee
Mr. Von Gonten has served as the President of W.D. Von Gonten & Co. since November 1995 and Chief Executive Officer of W.D. Von Gonten Laboratories, LLC since October 2013. He is an expert on unconventional resource evaluation and has worked on nearly all of the world’s major oil and gas plays including the Permian Basin, Eagle Ford, Bakken Formation, Denver Julesburg Basin, Marcellus Formation and Vaca Muerta Formation as well as various Middle Eastern fields. Mr. Von Gonten holds a B.S. degree in Petroleum Engineering from Texas A&M University.
Irene G. Lofland, 51
Director Nominee
Ms. Lofland is a financial expert with extensive experience working with boards across a broad array of finance and audit committee, enterprise risk management, investor relations and corporate governance matters. She held numerous executive roles at DCP, a Fortune 500 energy company, including leading investor relations, internal audit, treasury, enterprise risk management, ethics and compliance, information technology and credit during her time with DCP and its predecessor companies from August 1995 to August 2019. Her diverse experience includes executing over $1.5 billion of capital market transactions, participating in initial public offerings and merger and acquisition activity and navigating cyclical and commodity sensitive businesses. Ms. Lofland holds a B.S. degree in accounting from the University of Denver.
Dan C. Perry, 63
Director Nominee
Mr. Perry has served as the owner and sole proprietor of The Law Offices of Dan C. Perry since 2006. Before that, he was a partner of Perry & Kellogg LLP from 1992 to 2006. In addition, Mr. Perry is the Owner and President of Agave Mineral Management, Inc., which offers a variety of mineral management advisory and management services. Mr. Perry has practiced oil and gas law in Texas and New Mexico for over 35 years, focusing exclusively on representing mineral owners with their oil and gas leases. During that period, he has negotiated and drafted numerous oil and gas leases, and has tracked the drilling and production of hundreds of oil and gas wells. He currently serves as Mineral Manager (typically as a Trustee, General Partner or Limited Liability Company Manager) for multiple family entities, with approximately 150,000 acres of minerals under his direct control. Mr. Perry holds an A.B. degree in history from Princeton University and a J.D. from the SMU Dedman School of Law.