Sergei Krylov, executive vice-president and chief financial officer of Approach Resources Inc., Fort Worth, has been named chief executive officer. Krylov succeeds J. Ross Craft who has resigned as chairman and chief executive officer. Krylov will retain his duties as chief financial officer.
Separately, Jim Crain, who has served as a director since June 2007, and serves as chairman of the nominating and corporate governance committee, has been appointed chairman.
The company remains in discussions with Qingming Yang, president and chief operating officer, regarding his departure. Troy Hoefer, currently senior vice-president of engineering, will assume management of the company’s production and drilling operations upon Yang’s departure.