DENVER, Feb. 23, 2016 /PRNewswire/ -- Bill Barrett
Corporation (the "Company") (NYSE: BBG) today announced changes to
its senior management as part of a broader workforce reorganization
that aligns its employee base and general and administrative cost
structure to expected operational activity levels.
As part of this reorganization, Robert
W. Howard, Chief Financial Officer, will separate from the
Company effective May 1, 2016. There
have been no disagreements with the Board of Directors or with
executive management, and the departure is not related to any
issues regarding financial disclosure, accounting or legal
matters.
Scot Woodall, Chief Executive
Officer and President stated, "I would like to thank Bob for his
immense contributions and dedicated service during his time with
the Company. His leadership and guidance has been instrumental to
our success and we wish him the best in his future endeavors."
Also as part of the reorganization, the Company announced the
appointment of William M. Crawford
to the position of Senior Vice President – Treasury and Finance.
Mr. Crawford has served in various positions of increasing
responsibility within the Company and will assume primary financial
responsibilities following the departure of Mr. Howard.
David R. Macosko, currently Senior
Vice President – Accounting, will continue in his current role of
Principal Accounting Officer. Messrs. Crawford and Macosko will
report to Chief Executive Officer and President, Scot Woodall.
Mr. Woodall continued, "I am pleased that we have a talented
group of professionals within the organization that can be called
upon to assume greater roles. Each holds a tremendous amount of
industry experience and has demonstrated the requisite skill set to
ensure a seamless transition as we continue to navigate this
challenging period of low oil prices."
Forward-Looking Statements
All statements in this press release, other than statements of
historical fact, may be deemed to be forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Words such as
expects, forecast, guidance, anticipates, intends, plans, believes,
seeks, estimates and similar expressions or variations of such
words are intended to identify forward-looking statements herein;
however, these are not the exclusive means of identifying
forward-looking statements. Forward-looking statements in this
release relate to, among other things, the management
reorganization and its timing, and expected future cost
structure.
These and other forward-looking statements in this press release
are based on management's judgment as of the date of this release
and are subject to numerous risks and uncertainties. Please refer
to the Company's Annual Report on Form 10-K for the year ended
December 31, 2014 filed with the SEC
and other filings, including our Current Reports on Form 8-K and
Quarterly Reports on Form 10-Q, all of which are incorporated by
reference herein, for further discussion of risk factors that may
affect the forward-looking statements. The Company encourages you
to consider the risks and uncertainties associated with projections
and other forward-looking statements and to not place undue
reliance on any such statements. In addition, the Company assumes
no obligation to publicly revise or update any forward-looking
statements based on future events or circumstances.
ABOUT BILL BARRETT CORPORATION
Bill Barrett Corporation (NYSE: BBG), headquartered in
Denver, Colorado, develops oil and
natural gas in the Rocky Mountain region of the United States. Additional information
about the Company may be found on its website
www.billbarrettcorp.com.
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SOURCE Bill Barrett Corporation