LLOG promotes CFO to CEO role

U.S.-based oil and gas company LLOG Exploration has promoted three long-term employees to key executive management positions.

The company said on Thursday that Philip LeJeune, LLOG’s current chief financial officer (CFO) and treasurer, was named as LLOG’s chief executive officer (CEO) and president.

He will succeed Scott Gutterman, the current president and CEO, who will retire from the company on September 1, 2018.

Also, Rick Fowler, LLOG’s current VP of deepwater projects, has been named the chief operating officer (COO) while Phil Cossich, the VP of planning and budgeting, has been named the CFO.

LeJeune joined LLOG in 1997 and held the position of CFO since 2014. Before that, he was the VP of planning and budgeting, and during his 21 years with LLOG has held various positions of increasing responsibility in the marketing, production accounting, acquisitions and divestitures, planning, and finance departments.

From January 1995 to August 1997, LeJeune spent time in the tax section of Arthur Andersen LLP in the New Orleans office.

Regarding his appointment, LeJeune said: “It is an honor to be asked to serve as the CEO of LLOG. We intend to continue building on the Company’s exceptional reputation as we proceed with the development of a number of our exploratory successes and asset acquisitions.

“We are extremely pleased that Rick Fowler has been named as our COO and Phil Cossich as our new CFO. Their backgrounds and many years of service at LLOG make them ideally suited for their new positions.”

Fowler joined LLOG in 2007 and held the position of VP of deepwater projects since that time. Prior to joining the company, he was with Dominion E&P for 12 years and was in charge of their $5 billion offshore business unit including the management of over 300 employees.

Before that, Fowler was employed by Exxon for 12 years in various reservoir engineering and operational assignments.

As for Phil Cossich, he joined LLOG in 2011 and most recently held the position of VP of planning and budgeting. Before joining LLOG, he was an associate at Macquarie focusing on acquisitions and divestitures for upstream E&P companies. Cossich began his career at Tristone Capital.