This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Southwestern Energy Company Announces Succession Plans

HOUSTON, Aug. 2, 2012 /PRNewswire/ -- Southwestern Energy Company (NYSE: SWN) announced today that Greg D. Kerley will retire as an executive of the company and its subsidiaries effective at the end of the third quarter. In connection with Mr. Kerley's retirement, the company has promoted R. Craig Owen to Chief Financial Officer effective October 1, 2012.

Mr. Kerley has served in various roles for over 22 years at Southwestern, beginning in 1990 as Controller and Chief Accounting Officer then serving as Treasurer and Secretary before he was named Senior Vice President and Chief Financial Officer in 1998 and promoted to Executive Vice President in 1999. He became a Director of the Company in August 2010. Mr. Kerley will continue to serve on the Board of Directors until the 2013 Annual Meeting of Shareholders, at which time Mr. Kerley intends to seek re-election to the Board.

"I am forever grateful to have been a part of such an outstanding company," stated Mr. Kerley. "To witness how our company has changed over the past 22 years has been amazing and I am so fortunate to have been able to be a part of our transformation from an Arkansas utility to the 7 th largest gas producer in the country. I look forward to my continued involvement with the company and am confident that we continue to be in good hands with Craig as he assumes his new role to lead our finance and accounting functions."

Mr. Owen joined Southwestern in July 2008 as Controller and was named Chief Accounting Officer in December 2008 and has served as Senior Vice President since April 2012. Prior to Southwestern, he was the Controller, Operations Accounting at Anadarko Petroleum Corporation and has held various managerial and financial positions at PricewaterhouseCoopers LLP, ARCO Pipe Line Company and Hilcorp Energy Company. Mr. Owen holds a bachelor of business administration degree in accounting from Texas A&M University and is a Certified Public Accountant.

"Greg has been a dear friend and devoted employee of the company for many years," remarked Steve Mueller, President and Chief Executive Officer of Southwestern Energy. "His contributions to the achievements of this company are abundant, as he has been a part of every integral decision and project throughout SWN's outstanding growth. While it will be sad not to see him every day, we know that he will still be intimately involved with the company as a Director. I want to personally thank Greg for his passionate leadership with SWN and wish him an exciting and fulfilling retirement."

Southwestern Energy Company is an independent company whose wholly-owned subsidiaries are engaged in oil and gas exploration and production, natural gas gathering and marketing. Additional information on the company can be found on the Internet at

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,084.49 +33.74 0.20%
S&P 500 2,014.89 +15.91 0.80%
NASDAQ 4,830.47 +19.6820 0.41%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs