PostRock Energy Corporation (PSTR) announced today that Terry W. Carter has retired from his position as the Company’s President and Chief Executive Officer effective September 1, 2015. The Board has elected Clark Edwards, PostRock’s current Vice President of Operations, as Interim President and Chief Executive Officer. Mr. Carter is simultaneously stepping down as a Director and the Board has elected Mr. Edwards to take his place on the Board.
Mr. Edwards has served as PostRock’s Vice President of Operations since February 2012. Previously, he served as the Company’s Director of Midcontinent Field Operations beginning in December 2010 and in various other company roles for the Company’s predecessor entities from August 2007 to December 2010. Mr. Edwards holds a bachelor’s degree in engineering from Texas A&M University in College Station, Texas.
Commenting, Duke R. Ligon, Chairman of PostRock’s Board, said: “Terry made valuable contributions to PostRock in the course of his four years with the Company. We are sorry to lose him. The Board joins me in thanking Terry for his devoted service and in wishing him great success in his future endeavors. We are very pleased to announce Clark’s appointment as our Interim President and Chief Executive Officer. Clark’s extensive operational experience and impressive record running PostRock’s field operations position him to lead the Company at this challenging juncture in its history.”