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

Rosetta Resources Inc. Announces Executive Leadership Changes

HOUSTON, Feb. 26, 2013 (GLOBE NEWSWIRE) -- Rosetta Resources Inc. (Nasdaq:ROSE) ("Rosetta" or the "Company") today announced several changes in leadership at the Company that will be effective on February 26, 2013. Randy L. Limbacher is resigning as its Chairman, Chief Executive Officer and President.  Mr. Limbacher has served as Rosetta's Chief Executive Officer and President since 2007. Mr. Limbacher will be succeeded as Chairman, Chief Executive Officer and President by James E. Craddock, who has served as Rosetta's Senior Vice President of Drilling and Production Operations. In addition, John D. Clayton will be appointed as Executive Vice President and Chief Operating Officer, who has previously served as Rosetta's Senior Vice President of Asset Development. John E. Hagale will remain Executive Vice President and Chief Financial Officer of the Company and will report to Mr. Craddock. Mr. Limbacher will remain with the Company until April 2013 to provide transitional support for the change in leadership at the Company.  

"We are grateful to Randy for his leadership of Rosetta since joining the Company" said Phil Frederickson, Lead Director of the Board of Directors of Rosetta. "Over the last six years, Randy led a dramatic restructuring of the Company's business, with a transition from exploring for conventional resources to developing unconventional resources plays. These efforts have culminated in our leading position in the Eagle Ford shale in South Texas and resulted in record growth in production, reserves and cash flows for the Company in 2012. Through his leadership, we are now in a strong position for sustainable growth in the future. On behalf of the board and the entire organization, we thank Randy for his many contributions to the Company and look forward to continued execution of our strategy and business under Jim's leadership in the future."

Randy Limbacher stated, "I am proud to have been able to work with a talented group of employees at Rosetta over the years. We have done a lot together to restructure and grow the Company. When I initially took the job back in 2007, I committed to lead these efforts for about five or six years. The Company has grown significantly over that time period and is poised for future growth.  Rosetta has reached an important transition point and the time has come to transfer the leadership of the Company as we enter this next phase. Fortunately, Jim Craddock who has played an integral role in guiding Rosetta to this point in our evolution has agreed to lead the Company going forward. I have worked with Jim for over 25 years, including five years at Rosetta. He knows the business extremely well and, together with John Clayton, John Hagale, and the rest of our leadership team, he will provide a seamless transition in the leadership of the Company."

1 of 3

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 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7890 -13.6380 -0.30%

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