Apache announced several changes to its executive organization, effective Jan. 1, 2014.
“ Apache is undergoing a transformation that will position the company for many years of predictable and profitable growth ,” said G. Steven Farris, chairman and chief executive officer. “ Between 2010 and 2012, we took advantage of our balance sheet strength to expand the opportunity base in our North American regions, and Apache now has decades of drilling inventory. We are concentrating our effort around the most promising growth areas for the company. These organization updates strengthen our focus on delivering and supporting operational success .”
Farris noted that these appointments strengthen and broaden Apache’s senior leadership. As a result of these organizational changes, the three-person Office of the Chief Executive will be discontinued.
[mappress] LNG World News Staff, September 23, 2013; Image: Apache