Two Houston CEOs Among Latest Industry Departures

By Houston Business Journal

Two Houston CEOs were among 108 CEOs â¿¿ a 12-month high â¿¿ that announced their departures in September, outplacement firm Challenger, Gray & Christmas Inc. reported Wednesday.

Greg Rizzo said he would step down as president and CEO of Spectra Energy Partners LP (NYSE: SEP). Julie Dill is set to assume the role on Jan. 1.

Meanwhile, Mark Papa announced he will retire from EOG Resources Inc. (NYSE: EOG) in 2013. At that time, William Thomas will move into the role.

In addition to Rizzo and Papa, three other CEOs of Texas companies said they would step down from the CEO role: Robert Behringer of Addison-based Behringer Harvard (he will continue to serve as chairman), Richard Franco at the Corpus Christi Housing Authority and Gary Godsey at the United Way of Metropolitan Dallas, according to Challenger.

This was the sixth consecutive month with more than 100 CEO changes, Challenger reported. The September exits were up 4 percent from the 104 announced in August, and was the highest number of departures since September 2010 when 111 CEOs said they would leave their companies.

But Challengerâ¿¿s report noted the number of departures as of the end of the third quarter, was down 4.6 percent to 922 exits from the 967 reported at the same time last year.

Copyright 2011 American City Business Journals

http://www.bizjournals.com/houston/news/2011/10/12/two-houston-ceos-among-latest-industry.html?ana=thestreet

Copyright bizjournals.com 2010

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