Energy XXI announced a streamlining of the organization through a realignment of its management team, to be effective July 23, 2010. Under the realignment:
"Streamlining of the organization will allow for the resignation of Steve Weyel, who is leaving to pursue personal interests," Schiller said.
"On behalf of the company and our Board of Directors, I would like to take this opportunity to thank Steve for his significant contributions as President, Chief Operating Officer and member of the Board of Directors since helping co-found Energy XXI in 2005. We appreciate all his efforts and wish him the best."
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