Cimarex Energy Co. (XEC) today announced that its Chief Financial Officer, Paul Korus, has informed management and the Board of Directors of his plans to retire on or before September 1, 2015. Mr. Korus stated, “I have thoroughly enjoyed my time working with the exceptional people at Cimarex. I take great pride in our accomplishments and I look forward to following the company as a shareholder.” Thomas E. Jorden, Chief Executive Officer and Chairman, said, “Paul has been an instrumental leader at Cimarex during a period of tremendous growth that ultimately led to Cimarex becoming an investment grade company. Paul’s hard work and integrity leave us well positioned to execute on our strategic plan. We wish Paul and his family well in his retirement.”
Cimarex also announced the appointment of Mark Burford as its Chief Financial Officer effective as of Mr. Korus’ retirement. Mr. Burford joined Cimarex in 2005 and is currently serving as Vice President of Capital Markets and Planning. Thomas E. Jorden, went on to say, “We are fortunate to have Mark ready to step into the role of Chief Financial Officer. He and Paul have worked together for over 10 years guiding the company’s finances. Mark’s succession will ensure a seamless transition of the Chief Financial Officer position.”
About Cimarex Energy
Denver-based Cimarex Energy Co. is an independent oil and gas exploration and production company with principal operations in the Mid-Continent and Permian Basin areas of the U.S.
This press release contains forward-looking statements. These forward-looking statements are based on management’s judgment as of the date of this press release and include certain risks and uncertainties. Please refer to the Cimarex Energy Co. Annual Report on Form 10-K/A for the year ended December 31, 2014, filed with the Securities and Exchange Commission, and other filings including our Current Reports on Form 8-K and Quarterly Reports on Form 10-Q, for a list of certain risk factors that may affect these forward-looking statements.