Apco Names New Chairman
August 05 2014 - 4:45PM
Business Wire
Apco Oil and Gas International Inc. (NASDAQ:APAGF) today named
Richard E. (Rick) Muncrief as its new chairman and board member,
succeeding James J. Bender who has retired.
Muncrief, 55, is a petroleum engineer who has more than 30 years
of upstream and midstream energy experience. He is the chief
executive officer of WPX Energy (NYSE:WPX), which owns a 69 percent
controlling ownership interest in Apco.
Prior to WPX, Muncrief was the senior vice president of
operations and resource development at Continental Resources
(NYSE:CLR) where he oversaw corporate engineering, reservoir
development, drilling, production operations and supply chain
management.
Bender joined Apco as chairman at the beginning of 2014 and also
served as interim CEO at WPX this year preceding Muncrief’s
appointment to the role in May.
Apco’s existing operations management remains the same, led by
Bryan K. Guderian as chief executive officer and Michael Kyle who
serves as Apco's president and chief operating officer.
“Orderly transitions at Apco have ensured the continuity of our
focus and the successful execution of our drilling and development
plans,” said Keith E. Bailey, the independent board chair for
Apco’s nominating committee.
“We’re pleased to welcome Rick as our next chairman. He’s
action-oriented, is a high-character, high-caliber leader and is
someone who understands the fundamentals of our sector,” Bailey
added.
About Apco Oil and Gas International Inc. (NASDAQ:
APAGF)
Apco Oil and Gas International Inc. is an international oil and
gas exploration and production company with interests in nine oil
and gas concessions and two exploration permits in Argentina, and
three exploration and production contracts in Colombia. More
information is available at www.apcooilandgas.com. Go to
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Apco Oil and Gas International Inc.Media Contact:Kelly
Swan, 539-573-4944orInvestor Contact:David Sullivan,
539-573-9360