Newfield Exploration Names Lee K. Boothby Chairman
February 08 2010 - 8:04AM
PR Newswire (US)
HOUSTON, Feb. 8 /PRNewswire-FirstCall/ -- Newfield Exploration
Company's (NYSE:NFX) Board of Directors has named Lee K. Boothby,
48, to the additional role of Chairman of the Board, effective upon
his re-election at the Company's annual stockholders' meeting on
May 7, 2010. Boothby will add the additional responsibilities of
Chairman to his current position as President and Chief Executive
Officer. Boothby succeeds David A. Trice, current Chairman and past
President and CEO, who had previously agreed to serve a one-year
term as non-executive Chairman until the Company's 2010 annual
meeting of stockholders. "Lee has done a great job of leading
Newfield over the last year," said David A. Trice. "His
understanding of the business, coupled with his passion for
excellence, has helped take Newfield to new heights over the last
year. He is successfully using Newfield's diverse portfolio of
assets to allocate capital to growth areas, as well as position the
Company for long-term success. I am confident that Lee will
continue to build value for our stockholders." Boothby was named
President on February 5, 2009. He was named Chief Executive Officer
and elected to Newfield's Board of Directors on May 7, 2009.
Boothby joined Newfield in 1999. Prior to his current role as
President and CEO, he served as Senior Vice President -
Acquisitions and Business Development from October 2007 - February
2009. Prior to this, he served as President of the Company's
Mid-Continent division from February 2002 to October 2007.
Boothby's first assignment with Newfield, 1999 - 2002, was Vice
President and General Manager of Newfield's previous Australian
business unit, managed from Perth, Australia. Prior to joining
Newfield, Boothby worked for Cockrell Oil Corporation, British Gas
and Tenneco Oil Company. Boothby serves as a board member for ANGA
(America's Natural Gas Alliance) and OERB (Oklahoma Energy
Resources Board). He is a member of the Society of Petroleum
Engineers and the Independent Petroleum Association of America. He
holds a degree in petroleum engineering from Louisiana State
University and an M.B.A. from Rice University. Philip J.
Burguieres, 66, was named Newfield's independent Lead Director,
effective May 7, 2010, upon his re-election to the Board of
Directors. He has served on Newfield's Board since 1998 and serves
today as Chairman of the Nominating & Corporate Governance
Committee and a member of the Compensation & Management
Development Committee. He currently serves as Chairman and Chief
Executive Officer of EMC Holdings, LLC, Vice Chairman of Houston
Texans, Chairman Emeritus of Weatherford International, Inc. and as
a Director of FMC Technologies, Inc. Burguieres has previously
served as President and CEO for Weatherford, Panhandle Eastern Corp
and Cameron Iron Works during his long career in the oil field
service industry. David A. Trice, 60, was one of Newfield's 23
founders in 1989. Trice served in numerous leadership roles and was
instrumental in building the Company. Trice was elected President
of Newfield in May 1999 and succeeded the Company's Founder, Joe B.
Foster, as CEO in early 2000 and as Chairman in 2004. Newfield
Exploration Company is an independent crude oil and natural gas
exploration and production company. The Company relies on a proven
growth strategy of growing reserves through an active drilling
program and select acquisitions. Newfield's domestic areas of
operation include the Mid-Continent, the Rocky Mountains, onshore
Texas and the Gulf of Mexico. The Company has international
operations in Malaysia and China. For information, contact:
Investor Relations: Steve Campbell (281) 847-6081 Media Relations:
Keith Schmidt (281) 674-2650 Email: DATASOURCE: Newfield
Exploration Company CONTACT: Investor Relations, Steve Campbell,
+1-281-847-6081, Media Relations, Keith Schmidt, +1-281-674-2650,
both for Newfield Exploration Company, Web Site:
http://www.newfield.com/
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