Third Houston Energy CFO in Less than One Week to Resign

The third Houston-based oil and gas company in less than a week has had its chief financial officer leave voluntarily.

Cobalt International Energy Inc. has named Shannon E. Young, III as the new CFO and executive vice president to replace John P. Wilkirson, effective Sept. 1. Wilkirson is leaving the company to pursue other interests, according to a company statement. However, he will remain as a consultant to the company through October.

Cobalt’s announcement comes just one day after the exploration and production company signed an agreement to sell its 40 percent interest in two blocks of offshore Angola for $1.75 billion to the state-owned oil company Sonangol.

Young’s “deep experience in capital markets, investment banking and M&A will be put to full use as Cobalt continues to grow,” Cobalt’s chairman and CEO Joseph H. Bryant said in a company statement.

Bryant added that Young’s background is a perfect match for the company at this point in its life-cycle.    

Young currently serves as CFO and senior vice president for Talos Energy LLC. In addition, he has more than 20 years of experience as an investment banker at Goldman Sachs, Morgan Stanley and Salomon Brothers.

CFOs from Linn Energy, LLC and Goodrich Petroleum Corp. announced their resignations Aug. 24 and 19, respectively.

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
 -  Ideal Employer Survey Reveals Midstrea... (Jan 13)
 -  BLOG: Houston Profitable Area for STEM... (Jan 11)
 -  Jobs Report: US Mining Employment Rema... (Jan 6)
 -  BLOG: Study Shows US Residents Leaving... (Jan 6)
 -  Three Things to Consider Before Retiri... (Jan 4)


Most Popular Articles

From the Career Center
Jobs that may interest you
Project Administrator
Expertise: HR - General|Secretarial or Administrative
Location: CT 06098, United States, CT
 
Wind Site Manager - Operations & Maintenance
Expertise: Operations Management
Location: Vermont, VT
 
Switchgear Systems Service Manager - Power Distribution
Expertise: Operations Management
Location: Nashville, TN
 
search for more jobs

Brent Crude Oil : $55.86/BBL 0.73%
Light Crude Oil : $52.64/BBL 0.51%
Natural Gas : $3.42/MMBtu 0.00%
Updated in last 24 hours