PART III
Item 10.
Directors, Executive Officers and Corporate Governance
Information regarding our directors, executive officers and certain corporate governance items will
be included in an amendment to this Form 10-K or in the proxy statement for the 2012 annual meeting
of stockholders, in either case, to be filed within 120 days after December 31, 2011, and is
incorporated by reference to this report.
Directors and Executive Officers of Plains Exploration & Production Company
Listed below are our directors and executive officers, their age as of January 31, 2012 and their
business experience for the last five years.
Directors
James C. Flores, age 52, Chairman of the Board, President and Chief Executive Officer and a
Director since September 2002.
He has been Chairman of the Board and Chief Executive Officer of
PXP since December 2002, and President since March 2004. He was also Chairman of the Board of
Plains Resources, Inc., or Plains Resources (now known as Vulcan Energy Corporation), from May
2001 to June 2004 and is currently a director of Vulcan Energy and McMoRan Exploration Co. He was
Chief Executive Officer of Plains Resources from May 2001 to December 2002. He was Co-founder as
well as Chairman, Vice Chairman and Chief Executive Officer at various times from 1992 until January
2001 of Ocean Energy, Inc., an oil and gas company.
Isaac Arnold, Jr., age 76, Director since May 2004.
He was also a director of Nuevo Energy
Company from 1990 to May 2004. He has been a director of Legacy Holding Company since 1989 and
Legacy Trust Company since 1997 and is currently Director Emeritus of both. He became a director of
Cullen Frost Bankers, Inc. (formerly Cullen Center Bank & Trust) at its inception in 1969. He became a
director of The Frost National Bank in 1994. He served as a director of the boards of Cullen Frost
Bankers, Inc. and The Frost National Bank until he retired from both in 2006 and is currently Director
Emeritus of both. Mr. Arnold also served on the Audit and Strategic Planning Committees for Cullen
Frost Bankers, Inc. from 1995 to 2006. Mr. Arnold is a trustee of the Museum of Fine Arts Houston and
The Texas Heart Institute.
Alan R. Buckwalter, III, age 64, Director since March 2003
. He retired in January 2003 as
Chairman of JPMorgan Chase Bank, South Region, a position he had held since 1998. From 1990 to
1998 he was President of Texas Commerce Bank-Houston, the predecessor entity of JPMorgan Chase
Bank. Prior to 1990 Mr. Buckwalter held various executive management positions within the
organization. Mr. Buckwalter currently serves on the boards of Service Corporation International, the
Texas Medical Center and the Greater Houston Area Red Cross and is Vice Chairman of Torch
Securities LLC. He sits on the Nominating and Governance Committee, the Audit Committee and is
Chairman of the Compensation Committee for Service Corporation International. Mr. Buckwalter
previously served on the board of BCM Technologies, Inc. from 2003 to 2009.
Jerry L. Dees, age 71, Director since September 2002
. He was also a director of Plains
Resources from 1997 to December 2002. Mr. Dees has been a director of Geotrace Technologies, Inc.
since 2005. He retired in 1996 as Senior Vice President, Exploration and Land, for Vastar Resources,
Inc. (previously ARCO Oil and Gas Company), a position he had held since 1991.
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