Range Resources on Tuesday announced several management promotions.
In June, Range announced a CEO transition plan whereby Jeff Ventura, the Company’s current President and Chief Operating Officer will assume the role of Chief Executive Officer beginning January 1, 2012. At such time, John Pinkerton, Range’s current CEO, will assume the position of Executive Chairman.
In concert with the CEO transition plan, Range’s Board of Directors recently approved several additional management promotions, all of which will be effective on January 1, 2012.
Ray Walker has been promoted to Senior Vice President and Chief Operating Officer. Mr. Walker will oversee all of Range’s operations and will continue to lead Range’s environmental, safety, regulatory and best practices programs.
Alan Farquharson has been promoted to Senior Vice President - Reservoir Engineering and Economics. In his new role, Mr. Farquharson will oversee the corporate reservoir engineering as well as the long-range planning function and will report to Mr. Ventura.
Ralph Tijerina has been promoted to Vice President - Safety and Environmental. With his promotion, Mr. Tijerina will oversee the Company’s entire safety and environmental effort and will report to Mr. Walker.
The Company announced earlier in the year, the promotion of Mark Whitley to Senior Vice President - Northern Appalachia and Southwest Division. Mr. Whitley will continue to oversee the Company’s operations of the Marcellus Shale along with its activities in Texas and New Mexico.
Commenting on the organizational enhancements, John Pinkerton, Range’s Chairman and CEO stated: “We congratulate Ray, Alan, and Ralph as their promotions and increased responsibilities are well deserved. With approximately 100 years of combined industry experience, these gentlemen will play a key role in Range’s future success. Looking forward, the entire Range management team as well as all of our employees are focused on finishing 2011 on a strong note and are excited about Range’s prospects for the future.”
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