Chord Energy Corp. (NASDAQ: CHRD) has announced significant updates to its executive leadership team. Michael Lou will now serve as the Executive Vice President, Chief Strategy Officer, and Chief Commercial Officer, while Shannon Kinney will take on the role of Executive Vice President, Chief Administrative Officer, and General Counsel. Additionally, Richard Robuck has been promoted to Executive Vice President and Chief Financial Officer.
These changes come at a pivotal time for Chord Energy, as the company looks to the future. Danny Brown, President and CEO of Chord Energy, expressed his confidence in the new appointments, highlighting Michael's integral role in the company's successful strategic and commercial efforts over the past several years. He also emphasized Shannon's exceptional leadership and the expansion of her responsibilities to include human resources and sustainability, in addition to legal affairs.
Richard Robuck, who has a strong finance background within the organization, has been recognized for his 14 years of service, including his previous role as CFO of Oasis' midstream business from 2017 through 2022 and, most recently, as Chord's SVP of planning and investor relations.
Chord Energy Corp., an independent exploration and production company with assets in the Williston Basin, is renowned for its best-in-class balance sheet and commitment to operating efficiently, safely, and responsibly in developing its unconventional onshore oil-rich resources in the continental United States.
These leadership changes mark an important transition for Chord Energy, as the company seeks to build on its progress, accelerate improvements, and capitalize on new opportunities.
As a result of these announcements, the company's shares have moved 0.2% on the market, and are now trading at a price of $163.07. For more information, read the company's full 8-K submission here.
