Concho Resources Inc. Announces Appointment to the Board of Directors and Executive Management Changes
May 18 2017 - 6:00PM
Business Wire
Concho Resources Inc. (NYSE: CXO) (the “Company” or
“Concho”) today announced that Joe Wright, the Company’s
Executive Vice President and Chief Operating Officer, has been
appointed to the Board of Directors. Mr. Wright has announced his
intention to retire as an officer of the Company in January
2019.
Tim Leach, Chairman of the Board and Chief Executive Officer,
commented, “Joe has played an instrumental role in building the
culture and success of Concho since inception. Though his daily
presence will be missed after his retirement, I look forward to
continued leadership from Joe in his new role as a board
member.”
In addition, Jack Harper, currently Executive Vice President and
Chief Financial Officer, has been named President and Chief
Financial Officer. Will Giraud will continue to serve as Executive
Vice President until January 2019, when he will succeed Mr. Wright
as Chief Operating Officer. Effective immediately, Mr. Giraud is
responsible for the Company’s four asset teams as well as business
development and strategy.
The Company also announced the promotions of Gayle Burleson,
Travis Counts, Price Moncrief, Erick Nelson and Brenda Schroer. As
a result of these promotions, the executive management team now
consists of:
- Tim Leach, Chairman of the Board and
Chief Executive Officer
- Jack Harper, President and Chief
Financial Officer
- Joe Wright, Executive Vice President
and Chief Operating Officer
- Will Giraud, Executive Vice
President
- Gayle Burleson, Senior Vice President
of Business Development
- Travis Counts, Senior Vice President,
General Counsel and Corporate Secretary
- Steve Guthrie, Senior Vice President of
Business Operations and Engineering
- Price Moncrief, Senior Vice President
of Finance and Strategy
- Erick Nelson, Senior Vice President of
Operations and Production
- Brenda Schroer, Senior Vice President,
Chief Accounting Officer and Treasurer
Additional leadership changes include the promotion of James
Caputo, presently Director of Business Development, to Vice
President of Business Development, and the promotion of Chris
Spies, presently Chief Geoscientist, to Vice President of
Geoscience and Technology.
“I am proud to announce the promotion of these individuals and
to highlight the strong talent across our organization. We have
built a team with experience, industry knowledge and a common
vision for Concho to remain a leader in the industry. With the most
robust drilling inventory in our company’s history, a relentless
focus on our strategy and this exceptional team to lead us in our
next period of growth, we are well positioned to deliver long-term
shareholder value,” stated Mr. Leach.
Concho Resources Inc.
Concho Resources Inc. is an independent oil and natural gas
company engaged in the acquisition, development, exploration and
production of oil and natural gas properties. The Company’s
operations are focused in the Permian Basin of Southeast New Mexico
and West Texas. For more information, visit the Company’s website
at www.concho.com.
Forward-Looking Statements and Cautionary Statements
The foregoing contains “forward-looking statements” within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. All statements, other
than statements of historical fact, included in this press release
that address activities, events or developments that the Company
expects, believes or anticipates will or may occur in the future
are forward-looking statements. Forward-looking statements
contained in this press release specifically include statements
regarding the roles of certain individuals in the current and
future governance of the Company. Statements containing words such
as “will” are not historical in nature and are based on current
expectations and conditions, anticipated future developments and
other factors believed to be appropriate. Forward-looking
statements are not guarantees of performance. Although the Company
believes the expectations reflected in its forward-looking
statements are reasonable and are based on reasonable assumptions,
no assurance can be given that these assumptions are accurate or
that any of these expectations will be achieved (in full or at all)
or will prove to have been correct. Moreover, such statements are
subject to a number of assumptions, risks and uncertainties, many
of which are beyond the control of the Company, which may cause
actual results to differ materially from those implied or expressed
by the forward-looking statements.
Any forward-looking statement speaks only as of the date on
which such statement is made, and the Company undertakes no
obligation to correct or update any forward-looking statement,
whether as a result of new information, future events or otherwise,
except as required by applicable law.
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version on businesswire.com: http://www.businesswire.com/news/home/20170518006507/en/
Concho Resources Inc.Megan P. Hays,
432-685-2533Vice President of Investor Relations and Public
AffairsorMary Tennant Starnes, 432-221-0477Senior Financial
AnalystorRyan Thrasher, 432-686-3025Financial Analyst
Concho Resources (NYSE:CXO)
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