HOUSTON, April 09, 2024 (Globe NEWSWIRE) — APA Corporation (Nasdaq: APA) has declared updates to its executive management staff to coincide with a restructuring of its growth purpose and the integration of the not too long ago shut acquisition of Callon Petroleum. The modifications are effective quickly.
“Building on the momentum of our recently closed acquisition, we are updating our management structure to better align with the evolving wants of our enterprise,” stated John J. Christmann, APA chief government officer. “Today’s adjustments will assist progress vital priorities of the APA approach and develop alternatives for continued leadership development within just our group.”
Steve Riney, president and chief monetary officer, will now oversee asset development functions, including the asset teams, Preparing and Land in addition to ongoing oversight of finance functions. Restructuring the growth functionality and its reporting will empower stronger alignment throughout improvement teams and money capabilities. Riney was promoted to president and CFO in January 2024. Previously, he served as CFO due to the fact joining the business in 2015. Dave Pursell, executive vice president, Enhancement, has still left the firm as a end result of this restructuring.
“I want to thank Dave for his years of company and devotion. For the duration of his tenure, he helped create the development features as we transitioned to a centralized design and recommended the organization as we navigated quite a few worries more than the past several a long time. We want him the very best in his long term endeavors,” stated Christmann.
Ben Rodgers has been named senior vice president, Finance and treasurer reporting to Steve Riney. In this new position, he will direct Industry Strategies, Treasury, Accounting and Tax. Rodgers joined APA in 2018 and formerly served as SVP, treasurer, midstream & advertising and marketing. Throughout his tenure with the corporation, he also served as the CFO of Altus Midstream and later served as director on the board of Kinetik Holdings Inc. He presently serves on the board of Khalda Petroleum Organization, a joint undertaking among APA subsidiary Apache Company and Egypt Petroleum Company.
Castlen Kennedy has been promoted to senior vice president, Company Affairs and Marketing reporting to Mark Maddox, govt vice president, Administration. In this function, she will go on to oversee Corporate Communications, Govt Affairs and Local community Partnerships, and will add oversight of Oil & Gas Promoting, Enterprise Excellence and Egypt JV organization assistance. Kennedy joined the enterprise in 2006 and has held various roles of rising duty in authorities and group affairs, investor relations and communications.
About APA
APA Company owns consolidated subsidiaries that check out for and generate oil and purely natural fuel in the United States, Egypt and the United Kingdom and that discover for oil and normal gasoline offshore Suriname. APA posts announcements, operational updates, trader details and push releases on its website, www.apacorp.com.
Contacts
Investor: (281) 302-2286 Gary Clark
Media: (713) 296-7276 Alexandra Franceschi
Website: www.apacorp.com
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