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2 Uniper executives to step down; Cimarex Energy unveils board changes

S&P Global Market Intelligence presents a weekly rundown of recent executive management, board and regulatory changes in the energy industry. The moves are listed by sector in reverse chronological order.


* Siemens Gamesa Renewable Energy SA appointed Alfonso Faubel CEO of its onshore business, effective July 29. Faubel will replace Mark Albenze, who will continue to serve as CEO of the company's service business unit. Albenze temporarily assumed the CEO role at the onshore business, according to a company news release.

* Susan Flanagan was named president and CEO of GE Energy Financial Services, the energy investment arm of GE Capital Corp. Flanagan replaces Brian Ward, who retired at the end of May after over 35 years at General Electric Co.

* Energy litigator Brian Swiger joined law firm Bailey & Glasser LLP as a partner based in its Charleston, W.Va., office. Swiger will help the law firm "expand its work in the oil and gas industry and among other energy producers," according to a May 31 news release.

* Canadian Solar Inc. named Yan Zhuang acting chief executive while Shawn Qu is on medical leave. Zhuang will continue serving as senior vice president and chief commercial officer.

* J. William Holden is stepping down as executive vice president and CFO of Vistra Energy Corp. on June 5 to pursue other opportunities. Vistra named David Campbell to succeed Holden on the same date, according to a May 28 news release.

* Tim Watson, the executive vice president and CFO of AltaGas Ltd., is leaving the company. Watson will remain in his current role until June 9, according to a May 27 news release. AltaGas named D. James Harbilas executive vice president and CFO as Watson's successor, effective June 10. Also on May 27, Canada's Enerflex Ltd. announced that Harbilas will resign as executive vice president and CFO, effective June 7. The natural gas services company appointed Vice President, Corporate Controller Ben Park interim CFO until a permanent successor is named. Further, Enerflex named Juan Carlos Villegas a director on its board.

* German fossil generator and trading company Uniper SE announced May 26 that two of its executives will resign from their positions with the company, effective Nov. 30, in response to Finland-based Fortum Oyj's move to postpone the discharge of the management board for the 2017 and 2018 financial years. COO Eckhardt Rümmler and Chief Commercial Officer Keith Martin will also terminate their board mandates. Meanwhile, Fortum appointed Anton Steen vice president of public affairs as of Aug. 26. Steen will head and coordinate the company's public affairs operations in Sweden.

* John Wood Jr. resigned from the American Superconductor Corp. board, effective May 24. The board elected Barbara Littlefield to replace Wood on that same date, according to a Form 8-K.

* Portland General Electric Co. appointed eBay Inc. executive Marie Oh Huber to its board of directors, increasing the size of the board to 12 members from 11, effective May 24. Huber will serve as a director of the company until the next annual meeting of shareholders in April 2020, according to a filing. Huber will also serve on the board's compensation and human resources committee and finance committee.

Oil and gas utility/midstream

* Craig Collins stepped down as COO of Altus Midstream Co. after accepting a senior midstream job at an unnamed exploration and production company, Altus said May 31.

* Independent oil and gas company Penn Virginia Corp. announced May 30 that Michael Hanna resigned from its board, effective immediately. The company has not disclosed any plans regarding a search for Hanna's successor.

* Eni SpA named Alessandro Puliti chief upstream officer, effective Sept. 1. Puliti will succeed Antonio Vella, who is leaving the company, according to a May 29 news release.

* Denver-based PDC Energy Inc. disclosed May 29 that its shareholders voted to reelect President and CEO Barton Brookman and independent directors Mark Ellis and Larry Mazza to PDC's board during the annual shareholders meeting.

* Cimarex Energy Co. announced changes to its board, including the retirement of director David Hentschel. Hentschel will serve as director emeritus of the Denver-based oil and gas company for the next two years, according to a May 28 news release. Cimarex also named Paul Eckley an independent director and a member of the board's compensation and governance committee. The changes will take effect May 31.

* National Energy Services Reunited Corp. appointed Christopher Boone CFO, effective May 28. Boone replaces Melissa Cougle, who was appointed CFO of fellow oilfield services provider Frank's International NV. Cougle, in turn, replaces Kyle McClure, who is leaving to pursue other opportunities, Frank's International said May 28.

* Houston-based oil and gas company Apache Corp. appointed Juliet Ellis to its board, according to a May 28 news release.