Linn Energy Names New CFO

Houston-based Linn Energy, LLC has appointed a new chief financial officer. The company named David B. Rottino as executive vice president and CFO, effective immediately, to replace Kolja Rockov, who is “leaving the company to pursue other opportunities.”

Rockov’s departure is not related to any disagreement with the company’s policies or practices, according to a statement from Linn Energy.

New CFO Rottino has more than 20 years of experience in the oil and natural gas industry. He joined the company in June 2008 and served as executive vice president, business development and chief accounting officer since January 2014.   

Linn, one of very few master limited partnerships (MLP) in upstream oil and gas, offers tax benefits and is attractive to investors due to its steady distributions. Although, like many oil and gas companies, Linn has been plagued by the industry downturn.

Rigzone reported July 30 that Linn Energy’s units dropped 26 percent to $4.76 per share, while Linn Co LLC’s units dropped 29 percent to $4.41 per share, both slightly above 52-week lows. These drops came after the company planned to suspend regular distributions and dividends to its investors indefinitely.

Linn Energy’s shares closed at $2.25 Monday.   

Valerie is an experienced writer and editor dedicated to providing useful and relevant career news about the oil and gas industry. Email Valerie at valerie.jones@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Valerie Jones
Editor, Careers | Rigzone
 -  Rigzone Survey: Millennials Want Train... (Dec 5)
 -  Jobs Report: US Mining Employment Unch... (Dec 2)
 -  Rowan Idles Rig, Will Lay Off Up To 11... (Nov 28)
 -  BLOG: AFBE-UK Scotland Prepares Minori... (Nov 23)
 -  Body Art and Oil, Gas: Are Your Tattoo... (Nov 22)


Most Popular Articles

From the Career Center
Jobs that may interest you
US Human Resources Manager
Expertise: HR - General
Location: Houston, TX
 
Operations Manager
Expertise: Operations Management|Process Management|Regulatory Compliance
Location: Kermit, TX
 
Total Compensation Advisor Opportunity in Houston, TX - DH
Expertise: HR - General
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $54.46/BBL 0.96%
Light Crude Oil : $51.68/BBL 1.21%
Natural Gas : $3.44/MMBtu 1.99%
Updated in last 24 hours