Houston, Tx., USA - February 27, 2013, Houston, Tx., USA - Rosetta Resources Inc., an oil and gas company, announced several changes in leadership at the company, effective February 26, 2013.
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Randy L. Limbacher is resigning as its Chairman, Chief Executive Officer and President.
Mr. Limbacher has served as Rosetta's Chief Executive Officer and President since 2007. In February 2010, Mr. Limbacher was appointed as the Chairman of the Board. Prior to joining Rosetta, Mr. Limbacher served as President, Exploration and Production – Americas for ConocoPhillips, and was responsible for all exploration and production activities in the Western Hemisphere.
Mr. Limbacher joined ConocoPhillips during its April 2006 acquisition of Burlington Resources Inc., an organization with which he had spent over 20 years. At Burlington, Mr. Limbacher held a series of positions of increasing responsibility, including his role at the time of the acquisition of Executive Vice President, Chief Operating Officer and as a director on the Board of Directors of Burlington.
Early in his career, he served in engineering roles with Conoco and Mobil/Superior Oil. Mr. Limbacher serves on the Board of Directors of CARBO Ceramics Inc. Mr. Limbacher holds a Bachelor of Science in Petroleum Engineering from Louisiana State University.
Mr. Limbacher will be succeeded as Chairman, Chief Executive Officer and President by James E. Craddock, who has served as Rosetta's Senior Vice President of Drilling and Production Operations.
Mr. Craddock joined Rosetta as Vice President, Drilling and Production Operations in April 2008 and was named Senior Vice President, Drilling and Production Operations in January 2011. Mr. Craddock has more than 30 years of industry experience in exploration and production operations, including reservoir and production engineering and unconventional oil and gas exploitation.
Prior to joining Rosetta, he was Chief Operating Officer for BPI Energy, Inc., an exploration and production start-up company focused on coal-bed methane development. For more than 20 years, he previously held technical and management positions of increasing authority with Burlington Resources. Mr. Craddock began his industry career with Superior Oil Company. He received a Bachelor of Science degree in Mechanical Engineering from Texas A&M University.
In addition, John D. Clayton will be appointed as Executive Vice President and Chief Operating Officer, who has previously served as Rosetta's Senior Vice President of Asset Development.
Mr. Clayton joined Rosetta as Vice President, Asset Development in March 2008 and was named a Senior Vice President in January 2011. Mr. Clayton has more than 25 years of industry experience including reservoir, production and drilling engineering, as well as business development activities related to strategic planning, mergers, acquisitions and joint ventures.
Prior to joining Rosetta, he held various leadership and managerial positions with Burlington Resources and ConocoPhillips. Mr. Clayton has a Bachelor of Science degree in Petroleum Engineering from Louisiana State University. He is a member of the Board of Directors of Junior Achievement of Southeast Texas. ■