Concho Resources Inc. (Ticker: CXO) announced Thursday that Joe Wright, the company’s Executive Vice President and Chief Operating Officer, has been appointed to the Board of Directors. Wright has announced his intention to retire as an officer of the company in January 2019.
Tim Leach, Chairman of the Board and Chief Executive Officer, commented, “Joe has played an instrumental role in building the culture and success of Concho since inception. Though his daily presence will be missed after his retirement, I look forward to continued leadership from Joe in his new role as a board member.”
In addition, Jack Harper, currently Executive Vice President and Chief Financial Officer, has been named President and Chief Financial Officer. Will Giraud will continue to serve as Executive Vice President until January 2019, when he will succeed Wright as Chief Operating Officer. Effective immediately, Giraud is responsible for the company’s four asset teams as well as business development and strategy.
The company also announced the promotions of Gayle Burleson, Travis Counts, Price Moncrief, Erick Nelson and Brenda Schroer. As a result of these promotions, the executive management team now consists of:
- Tim Leach, Chairman of the Board and Chief Executive Officer
- Jack Harper, President and Chief Financial Officer
- Joe Wright, Executive Vice President and Chief Operating Officer
- Will Giraud, Executive Vice President
- Gayle Burleson, Senior Vice President of Business Development
- Travis Counts, Senior Vice President, General Counsel and Corporate Secretary
- Steve Guthrie, Senior Vice President of Business Operations and Engineering
- Price Moncrief, Senior Vice President of Finance and Strategy
- Erick Nelson, Senior Vice President of Operations and Production
- Brenda Schroer, Senior Vice President, Chief Accounting Officer and Treasurer
Additional leadership changes include the promotion of James Caputo, presently Director of Business Development, to Vice President of Business Development, and the promotion of Chris Spies, presently Chief Geoscientist, to Vice President of Geoscience and Technology.
“I am proud to announce the promotion of these individuals and to highlight the strong talent across our organization. We have built a team with experience, industry knowledge and a common vision for Concho to remain a leader in the industry. With the most robust drilling inventory in our company’s history, a relentless focus on our strategy and this exceptional team to lead us in our next period of growth, we are well positioned to deliver long-term shareholder value,” said Leach.
