PostRock to Select New President
10 Giugno 2011 - 2:30PM
PostRock Energy Corporation (Nasdaq:PSTR)
announced today that David C. Lawler has resigned from his position
as the Company's President and Chief Executive Officer effective
July 15th. He will be leaving to join SandRidge Energy Inc. as
Executive Vice President of Operations. At the Board's
request, Mr. Lawler has agreed to remain CEO until he
departs. Duke R. Ligon, the Chairman of PostRock's Board, and
Thomas J. Edelman, White Deer's Managing Partner responsible for
the Fund's investment in PostRock, will lead the Board committee
charged with identifying and recruiting the new CEO.
Commenting, Mr. Ligon said: "David made an invaluable
contribution to PostRock in the course of his four years with the
Company. He played the key role in resolving the numerous
challenges inherited from prior management. Just as
importantly, he has helped position the Company to pursue a
strategy of consistent growth and profitability from this point
forward. While we are sorry to lose David, he simply received
an offer we could not prudently match. The Board joins me in
thanking David for his devoted service and in wishing him the
greatest possible success."
The PostRock Energy Corp. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7221
CONTACT: Company Contacts:
Jack Collins
Chief Financial Officer
(405) 702-7460
North Whipple
Manager, Corporate Development & Investor Relations
(405) 702-7423
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