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
TheStreet Open House

Southwestern Energy Company Announces Succession Plans

Stocks in this article: SWN









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 http://www.swn.com.



1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,633.59 +18.78 0.11%
S&P 500 1,948.76 +7.48 0.39%
NASDAQ 4,433.4420 +13.9640 0.32%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs