FORT WORTH, Texas--(BUSINESS WIRE)--Dec. 13, 2011--
RANGE RESOURCES CORPORATION (NYSE: RRC) today announced several
management promotions. In June, Range announced a CEO transition plan
whereby Jeff Ventura, the Company’s current President and Chief
Operating Officer will assume the role of Chief Executive Officer
beginning January 1, 2012. At such time, John Pinkerton, Range’s current
CEO, will assume the position of Executive Chairman. In concert with the
CEO transition plan, Range’s Board of Directors recently approved
several additional management promotions, all of which will be effective
on January 1, 2012. Ray Walker has been promoted to Senior Vice
President and Chief Operating Officer. Mr. Walker will oversee all of
Range’s operations and will continue to lead Range’s environmental,
safety, regulatory and best practices programs. Alan Farquharson has
been promoted to Senior Vice President - Reservoir Engineering and
Economics. In his new role, Mr. Farquharson will oversee the corporate
reservoir engineering as well as the long-range planning function and
will report to Mr. Ventura. Ralph Tijerina has been promoted to Vice
President - Safety and Environmental. With his promotion, Mr. Tijerina
will oversee the Company’s entire safety and environmental effort and
will report to Mr. Walker. The Company announced earlier in the year,
the promotion of Mark Whitley to Senior Vice President - Northern
Appalachia and Southwest Division. Mr. Whitley will continue to oversee
the Company’s operations of the Marcellus Shale along with its
activities in Texas and New Mexico.
Commenting on the organizational enhancements, John Pinkerton, Range’s
Chairman and CEO stated: “We congratulate Ray, Alan, and Ralph as their
promotions and increased responsibilities are well deserved. With
approximately 100 years of combined industry experience, these gentlemen
will play a key role in Range’s future success. Looking forward, the
entire Range management team as well as all of our employees are focused
on finishing 2011 on a strong note and are excited about Range’s
prospects for the future.”
RANGE RESOURCES CORPORATION (NYSE: RRC) is an independent natural
gas company operating in the Appalachia and Southwest regions of the
United States.
Except for historical information, statements made in this release,
including those relating to anticipated results are forward-looking
statements within the meaning of Section 27A of the Securities Act of
1933 and Section 21E of the Securities Exchange Act of 1934. These
statements are based on assumptions and estimates that management
believes are reasonable based on currently available information;
however, management's assumptions and Range's future performance are
subject to a wide range of business risks and uncertainties and there is
no assurance that these goals and projections can or will be met. Any
number of factors could cause actual results to differ materially from
those in the forward-looking statements, including, but not limited to,
the volatility of oil and gas prices, the results of our hedging
transactions, the costs and results of drilling and operations, the
timing of production, mechanical and other inherent risks associated
with oil and gas production, weather, the availability of drilling
equipment, changes in interest rates, litigation, uncertainties about
reserve estimates, environmental risks and regulatory changes. Range
undertakes no obligation to publicly update or revise any
forward-looking statements. Further information on risks and
uncertainties is available in Range's filings with the Securities and
Exchange Commission ("SEC"), which are incorporated by reference.
Source: Range Resources Corporation
Range Resources Corporation
Investor Relations:
Rodney Waller,
817-869-4258
Senior Vice President
or
David Amend,
817-869-4266
Investor Relations Manager
or
Laith Sando,
817-869-4267
Senior Financial Analyst
or
Media Relations:
Matt
Pitzarella, 724-873-3224
Director of Corporate Communications
www.rangeresources.com