Terry Earl Swift and Alton D. Heckaman Jr. are respectively retiring from the posts of chief executive officer and chief financial officer of Houston-based Swift Energy Co.
Swift will assist the firm by ensuring a smooth and orderly transition of his duties prior to his formal exit, which is expected to occur over the next several months. The company will immediately commence a search for a new chief executive officer and plans to have the role filled prior to Swift’s departure.
Swift, who has served as chief executive officer since 2001, will remain a member of the board until the chief executive role is filled. He previously served as chairman of the board from June 2006 to last April.
Swift joined the company in 1981 as manager of engineering, and has served in a variety of roles, including assistant vice-president of engineering, senior vice-president of exploration, executive vice-president and chief operating officer, and president.
Heckaman, also currently an executive vice-president, has agreed as well to assist the company transition his duties over the next several months. The company will immediately begin a search for a new chief financial officer and plans to fill the role prior to Heckaman’s exit.
Heckaman has been in various finance and accounting leadership roles at Swift Energy since 1982, when he started his career as a manager of accounting. Other roles included controller, assistant vice-president of finance, and vice-president of finance.
Swift Energy emerged from bankruptcy in April (OGJ Online, Jan. 4, 2016).