Rex Energy Appoints New Chief Financial Officer
January 23 2018 - 8:16AM
Rex Energy Corporation (the “Company”) (NASDAQ:REXX) today
announced that it has appointed Curt Walker, the Company’s current
Chief Accounting Officer, to the position of Chief Financial
Officer, effective immediately. Mr. Walker will be responsible for
all financial, accounting and treasury functions, as well as other
related duties.
Mr. Walker has been the Company’s Chief Accounting Officer since
May 2012. Prior to his promotion, he served as Vice President,
Accounting, and has been with Rex Energy since 2007. Prior to
joining Rex, Mr. Walker was with YRC Worldwide, a Fortune 500
trucking and transportation company. Mr. Walker holds a Bachelor of
Science degree in Accounting and an M.B.A., both from Shippensburg
University.
“Curt has been a key part of the Rex team for over a decade and
has been integral in the success of our company. We are very
pleased that he has accepted the expanded role and we’re confident
that he is very qualified for the job,” said Tom Stabley, President
and Chief Executive Officer.
Thomas Rajan, the Company’s previous CFO, has resigned from his
position effective immediately. There have been no disagreements
with the Board of Directors or with executive management, and Mr.
Rajan’s departure is not related to any issues regarding financial
disclosures, accounting or legal matters. Mr. Stabley commented,
“We thank Thomas for his service over the last three years at Rex
and wish him the best going forward.”
Forward-Looking Statements
This release may contain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities and Exchange Act of 1934.
Forward-looking statements are based on current beliefs and
expectations and involve certain assumptions or estimates that
involve various risks and uncertainties, such as financial market
conditions, changes in commodities prices and the other risks
discussed in detail in the Company's Annual Report on Form 10-K for
the year ended December 31, 2016 and other subsequent filings with
the Securities and Exchange Commission. Readers should not
place undue reliance on any such forward-looking statements, which
are made only as of the date hereof. Rex Energy has no duty,
and assumes no obligation, to update forward-looking statements as
a result of new information, future events or otherwise.
About Rex Energy Corporation
Headquartered in State College, Pennsylvania, Rex Energy is an
independent oil and gas exploration and production company with its
core operations in the Appalachian Basin. The Company’s strategy is
to pursue its higher potential exploration drilling prospects while
acquiring oil and natural gas properties complementary to its
portfolio.
For more information contact:
Investor Relations(814)
278-7130InvestorRelations@rexenergycorp.com