Apache confirms resignation of CFO

Apache Corp. has announced the resignation of its Executive Vice President and Chief Financial Officer (CFO), Alfonso Leon.

In a statement released on its website, Apache Corp. confirmed that Mr Leon will pursue other opportunities and that his departure is not related to any issues regarding financial disclosures, accounting or legal matters.

G. Steven Farris, Chairman, Chief Executive Officer and President of Apache, said: "We appreciate Alfonso's contribution and wish him all the best in his future endeavors."

Executive Vice President P. Anthony Lannie will serve as interim CFO as the company conducts a search for a new appointment.

Farris added: "As we have previously outlined, Apache is transforming into a leading North America-focused exploration and production company with an extensive resource base, strong production growth and a commitment to maximising rate of return […] We are continuing to evaluate options for our international assets and LNG projects, including the potential separation of these assets through strategic transactions or the capital markets."

Adapted from press release by Callum O'Reilly

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/15102014/apache-confirms-resignation-of-cfo-1599/