Rex Appoints Interim CEO

Rex announced that Lance T. Shaner, currently chairman of the board of Rex Energy, has been appointed interim president and chief executive officer to replace Benjamin W. Hulburt, who is leaving the company to pursue other interests.

Shaner commented, "We have identified a candidate for the CEO position who can lead Rex Energy in its next stage of growth as a young public company and expect to make an announcement in the near future. To assure a smooth transition, I will step in as CEO on an interim basis."

"The board of directors would like to thank Mr. Hulburt for his contributions to the company and its predecessors and wish him the best of luck in his future endeavors."

The company has also entered into employment agreements with Patrick M. McKinney, chief operating officer of the company, and Thomas C. Stabley, chief financial officer of the company.