Southwestern Energy Company (NYSE:SWN) reported that Clayton A. Carrell has been appointed as its EVP and Chief Operating Officer, effective December 5, 2017. He will be responsible for the firm’s technical and operational activities.
Bill Way, the CEO and President of Southwestern Energy, expressed that they are thrilled to be bringing another important member of the leadership team as they execute their plan and position the firm for the future. Carrell has extensive leadership and operating experience from various management and engineering profiles throughout his career. He has a strong track record of offering technical and operational excellence, and they are assured that he will further improve company’s already strong operating capabilities. They identified Carrell during an extensive search process and expect associating with him as they continue to enhance value to their shareholders.
Prior to joining Southwestern Energy, Carrell was associated with EP Energy as Chief Operating Officer and Executive Vice President since 2012. He had held several executive leadership roles at El Paso Corporation, the company which he joined in 2007. He has helped advance EP Energy as an independent firm before being selected as Chief Operating Officer. Previously, Carrell was VP, Engineering and Operations at a renowned firm named Peoples Energy Production for around 6 years.
Commenting on his new role, Carrell expressed that he is eager to join Southwestern and to head the operations across its premium asset base. He intends to work closely with Way and the rest of the team to add value for company and its shareholders.
In the last trading session, the stock price of Southwestern declined around 2% to close the day at $6.09. The decline came at a share volume of 18.99 million compared to average share volume of 17.27 million. After the recent drop, the market cap of firm was noted at $3.12 billion.