Denbury announces executive succession plan

Denbury Resources has formalized a succession plan whereby Gareth Roberts, founder of the company, plans to step down as president and chief executive officer by June 30.

By OGJ editors
HOUSTON, Feb. 6 -- Denbury Resources Inc., Plano, Tex., has formalized a succession plan whereby Gareth Roberts, founder of the company, plans to step down as president and chief executive officer by June 30. At that time, Roberts will become cochairman and will assume a nonofficer role as its chief strategist.

Phil Rykhoek, currently senior vice-president and chief financial officer, will become the new chief executive officer.

Tracy Evans, currently senior vice-president, reservoir engineering, will become president and chief operating officer.

Mark Allen, currently vice-president and chief accounting officer, will become senior vice-president and chief financial officer.

More in General Interest