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Genie Energy (GNE) Announces Additions to Advisory Board

NEWARK, NJ--(Marketwired - September 09, 2015) - Genie Energy, Ltd. (GNE) (NYSE:GNEPRA) and Michael Steinhardt, the Chairman of the Strategic Advisory Board (SAB) of Genie Oil and Gas, today announced that several distinguished leaders and public policy shapers have joined Mr. Steinhardt on Genie's Strategic Advisory Board. They are: Dr. Lawrence Summers, Governor Bill Richardson, Senator Mary Landrieu and R. James Woolsey.

Dr. Lawrence Summers is the Charles W. Eliot University Professor and President Emeritus at Harvard University. He served as the 71st Secretary of the Treasury under President Clinton and as Director of the National Economic Council for President Obama.

The Honorable Bill Richardson served as Governor of New Mexico from 2003 to 2011. He was U.S. Ambassador to the United Nations (1997-1998) and Energy Secretary in the Clinton administration (1998-2001), Chairman of the 2004 Democratic National Convention, and also served as Chairman of the Democratic Governors Association.

The Honorable Mary Landrieu was a United States Senator from Louisiana from 1996 to 2014. She served as chair of the Senate Committee on Energy and Natural Resources. In her capacity as chair, she sponsored and passed the U.S.-Israel Energy Cooperation Bill. The bill fosters partnerships focused on developing resources such as natural gas and alternative fuels, on the academic, business and governmental levels.

R. James Woolsey served as Director of Central Intelligence from 1993 to 1995 and as Under Secretary of the Navy from 1977 to 1979. He is co-founder of the United States Energy Security Council and is Chairman of the Foundation for Defense of Democracies.

The new appointees join the distinguished current members of the Board:

  • Richard Cheney: 46th Vice President of the United States, formerly President and CEO of Halliburton Company and U.S. Secretary of Defense from 1989 to 1993.

  • K. Rupert Murdoch: Founder and Executive Chairman of News Corporation, one of the world's largest diversified media companies. News Corporation's holdings include Fox Entertainment, Dow Jones and Company, the New York Post, HarperCollins and significant media assets on six continents.

  • Lord Jacob Rothschild, OM, GBE: Chairman of the J. Rothschild group of companies and of RIT Capital Partners plc. Chairman of Five Arrows Limited. Noted philanthropist and Chairman of the Rothschild Foundation.

  • Michael Steinhardt: Noted Wall Street investor and Principal Manager, Steinhardt Management LLC. Founder Steinhardt, Fine, Berkowitz & Co., and noted philanthropist. Mr. Steinhardt serves as Chairman of the Strategic Advisory Board.

"Genie's Strategic Advisory Board members represent a wide spectrum of political views, but are united in their passion to see the United States, Israel and the democracies of the world achieve sustainable energy independence," said Michael Steinhardt. "We believe that Genie Energy is positioned to contribute significantly to this effort through its oil and gas exploration program."

"We are honored that so many leading figures from government, academia and the business world share our vision and have agreed to support our efforts by serving on the Genie Oil and Gas Strategic Advisory Board," added Howard Jonas, Chairman and CEO of Genie Energy. "They join the prominent line up already serving on the SAB, and round out a truly unparalleled group who will help guide us in our groundbreaking work."

About Genie Energy, Ltd.:
Genie Energy, Ltd. (GNE) (NYSE:GNEPRA) is comprised of Genie Retail Energy (GRE) and Genie Oil and Gas (GOGAS). GRE operates retail energy provider, brokerage and marketing services. GRE's retail energy provider businesses market electricity and natural gas to residential and small business customers primarily in the Eastern United States. GOGAS is an oil and gas exploration company including an exploratory drilling program in Northern Israel. For more information, visit www.genie.com.