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Cabot Energy Appoints David Kimery As Canadian Chief Executive Officer

Fri, 15th Nov 2019 14:32

(Alliance News) - Cabot Energy PLC said Friday that David Kimery has been appointed as chief executive officer of Cabot Energy Inc, its Canadian subsidiary, with immediate effect.

The oil and gas exploration firm said Kimery will succeed Paul Lafferty, who is stepping down as president and director with immediate effect.

Kimery will take over Lafferty's responsibilities as chief executive officer but will not be appointed to the board, Cabot Energy said.

The company said Kimery is an exploration and production executive with a broad range of experience in Alberta, Canada, and internationally. He has been chief operating officer at the Canadian subsidiary since the end of September.

Independent Interim Chair James Dewar said: "His knowledge and insights gained from his experience in technical and operational leadership roles at Weatherford, Seven Energy and Verano Energy will be complementary to our current management team."

Cabot Energy shares were down 11% tin London to 1.78 pence each on Friday afternoon.

By Loreta Juodagalvyte; loretajuodagalvyte@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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20 Aug 2019 08:30

Cabot Energy shares slide as production and sales dive

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Cabot Energy updates investors on 'important year of transition'

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Cabot Energy confident despite revenue and production falls

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1 Apr 2019 11:41

Cabot Energy revenues soar on significantly increased output

(Sharecast News) - Oil and gas outfit Cabot Energy expects annual revenues to more double following a sharp increase in output.

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1 Mar 2019 17:07

Cabot Energy Funded To Late April After Open Offer And Subscription (ALLISS)

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14 Feb 2019 15:35

Cabot Energy confident amid Italian oil and gas review

(Sharecast News) - Oil and gas company Cabot Energy confirmed that late on 12 February, the Italian government signed a decree which enacted the suspension of work on oil and gas exploration permits or applications for new exploration permits in the country while a review was undertaken.

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14 Feb 2019 12:30

Cabot Energy Hopeful In Italy Despite Suspension Of Licensing

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12 Feb 2019 10:57

Cabot Energy Stock Plummets On Discounted Capital Raise (ALLISS)

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Cabot Energy Plans Fundraise And Negotiates Discount With Creditors (ALLISS)

LONDON (Alliance News) - Cabot Energy PLC on Friday said it has sufficient funds to continue operations until its USD3 million February fundraise and has negotiated a settlement discount with in a

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