Nighthawk has named Rick McCullough as its executive chairman, effective from 1 October.
Rick has more than 30 years’ experience in the US energy and oil and gas industries with more than 20 years at the executive level. He served with PDC Energy as chief financial officer from 2006 to 2008 and as chief executive and then chairman from 2008 until 2011, where he led a turnaround resulting in a four-fold increase in share price.
Prior to joining PDC Energy, Rick served as president and chief executive officer at Gasource, LLC and as an investment banker at JP Morgan. During his career, he has led teams in completing more than three billion dollars of transactions in the energy markets.
Rick said: “I am looking forward to working with the Nighthawk Board and team in Denver and the UK to build further on the successes achieved since 2012 and to drive further value from the substantial opportunities available to Nighthawk in its next stage of development.”
He replaces Stephen Gutteridge who stepped down from the position in March.
Stephen said: “Rick brings a wealth of experience to the company and a strong track record of delivering growth married to disciplined risk management, efficient capital employment and transaction experience.
“Having stabilised the business and overseen a successful turnaround, I’m confident that I am stepping down with Nighthawk well-positioned to enjoy a period of strong growth and value creation.”
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