APA Corporation Announces Updates to Executive Leadership
April 09 2024 - 4:41PM
APA Corporation (Nasdaq: APA) has announced updates to its
executive leadership team to coincide with a restructuring of its
development function and the integration of the recently closed
acquisition of Callon Petroleum. The changes are effective
immediately.
“Building on the momentum of our recently closed acquisition, we
are updating our leadership structure to better align with the
evolving needs of our business,” said John J. Christmann, APA chief
executive officer. “Today’s changes will help advance important
priorities of the APA strategy and create opportunities for
continued leadership development within our organization.”
Steve Riney, president and chief financial officer, will now
oversee asset development functions, including the asset teams,
Planning and Land in addition to continued oversight of finance
functions. Restructuring the development function and its reporting
will enable stronger alignment across development teams and
financial functions. Riney was promoted to president and CFO in
January 2024. Previously, he served as CFO since joining the
company in 2015. Dave Pursell, executive vice president,
Development, has left the company as a result of this
restructuring.
“I want to thank Dave for his years of service and dedication.
During his tenure, he helped establish the development functions as
we transitioned to a centralized model and advised the company as
we navigated numerous challenges over the last several years. We
wish him the best in his future endeavors,” said Christmann.
Ben Rodgers has been named senior vice president, Finance and
treasurer reporting to Steve Riney. In this new role, he will lead
Market Strategies, Treasury, Accounting and Tax. Rodgers joined APA
in 2018 and previously served as SVP, treasurer, midstream &
marketing. During his tenure with the company, he also served as
the CFO of Altus Midstream and later served as director on the
board of Kinetik Holdings Inc. He currently serves on the board of
Khalda Petroleum Company, a joint venture between APA subsidiary
Apache Corporation and Egypt Petroleum Company.
Castlen Kennedy has been promoted to senior vice president,
Corporate Affairs and Marketing reporting to Mark Maddox, executive
vice president, Administration. In this role, she will continue to
oversee Corporate Communications, Government Affairs and Community
Partnerships, and will add oversight of Oil & Gas Marketing,
Business Excellence and Egypt JV business support. Kennedy joined
the company in 2006 and has held various roles of increasing
responsibility in government and community affairs, investor
relations and communications.
About APA
APA Corporation owns consolidated subsidiaries that explore for
and produce oil and natural gas in the United States, Egypt and the
United Kingdom and that explore for oil and natural gas offshore
Suriname. APA posts announcements, operational updates, investor
information and press releases on its website, www.apacorp.com.
Contacts
Investor: (281) 302-2286 Gary ClarkMedia: (713)
296-7276 Alexandra
Franceschi Website: www.apacorp.com
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