Apache CFO steps down

Apache said that Alfonso Leon, executive vice president and chief financial officer, has resigned to pursue other opportunities.


Leon’s departure is not related to any issues regarding financial disclosures, accounting or legal matters, the company said in a statement.

Executive Vice President P. Anthony Lannie will serve as interim chief financial officer as the company conducts a search for a new chief financial officer.

As we have previously outlined, Apache is transforming into a leading North America-focused exploration and production company with an extensive resource base, strong production growth and a commitment to maximizing rate of return,Apache’s CEO G. Steven Farris said. “We are continuing to evaluate options for our international assets and LNG projects, including the potential separation of these assets through strategic transactions or the capital markets.”

 

Press Release, October 15, 2014; Image: Apache

 

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