Southwestern Energy Names New CEO

Bill Way, who previously served as president and Chief Operating Officer of Southwestern Energy Company, has now been named as CEO of the Houston-based oil and natural gas company, set to succeed current CEO Steve Mueller who will retire this May.

“Bill has played a key role in developing the assets and organization since he joined the company in 2011, and while I will miss working day-to-day with this talented group, I am confident this is the right time and Bill is the right person to meet the challenges we face,” Mueller said in written release. “I look forward to continue working with him and the entire [board of directors] through the transition period over the next five months.”

During a summit in late October 2015, Mueller told attendees, “the goal is not to have a perfect succession plan or perfection within each group,” but “to have the best value for [the company’s] shareholders and other stakeholders.”  

Noting the “difficult times” for the oil and gas industry and the company, Way, who will also serve on Southwestern’s board of directors, shared his commitment to investing within the company’s cash flow, stabilizing the company’s debt, reducing its cost structure and addressing the balance sheet. Way said Southwestern is being redesigned to win in the competitive North American natural gas marketplace.

Mueller will continue to serve as a director and non-executive chairman of the board until his retirement.

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
 -  BLOG:Throwing in the Towel? Some Oil, ... (Jun 27)
 -  Energy Layoffs Continue in Texas (Jun 27)
 -  The Keys To Managing Employee Engageme... (Jun 23)
 -  Rystad Energy: US DUC Inventory to Dec... (Jun 23)
 -  Significant Gaps Between Men, Women on... (Jun 22)


Most Popular Articles

From the Career Center
Jobs that may interest you
United States, Houston: Product Champion - Well Intervention
Expertise: Project Management|Sales|Slickline
Location: Houston, TX
 
US Oklahoma City: Senior Administrative Specialist
Expertise: Secretarial or Administrative
Location: Oklahoma City, OK
 
Manager, International Goverment Affairs
Expertise: Commercial Management|Document Control
Location: Washington, DC
 
search for more jobs

Brent Crude Oil : $47.16/BBL 2.58%
Light Crude Oil : $46.33/BBL 2.74%
Natural Gas : $2.71/MMBtu 1.87%
Updated in last 24 hours