Callon Petroleum Co. announced the retirement of L. Richard Flury as chair from its board of directors following the company’s upcoming annual shareholder meeting.
Board chair since 2017 and a director of Callon for nineteen years, Flury contributed to Callon’s high-return acquisitions during his time at the company.
"With guidance from Richard's deep experience in the energy industry, Callon has built a high-quality asset base of more than 200,000 gross acres in the leading oil plays in the Permian Basin and Eagle Ford Shale that has allowed us to profitably grow our production throughout his tenure," said president and CEO Joe Gatto.
Leading up to the shareholder meeting, Matthew R. Bob will serve as chair-elect, to be appointed as chair following Flury’s retirement. Bob has served on Callon’s board of directors since 2014 and is currently the chair of the compensation committee.
Also retiring from the board following the upcoming shareholder meeting after five years is James M. Trimble—in accordance with Callon’s mandatory retirement policy.
Callon Petroleum is an independent oil and natural gas company with acquisitions, exploration and development operations in Texas.
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