After 42 years with the company—eight of which were as CEO, William R. “Bill” Thomas has announced his intention to retire from EOG Resources Inc.

As part of his succession plan, the company said in a June 7 announcement that Ezra Y. Yacob will become CEO. Additionally, EOG COO Lloyd W. “Billy” Helms Jr. will be appointed to the additional role of president.

Previously, Yacob had been appointed EOG president in January following several years serving as executive vice president of E&P for the Houston-based independent, which is one of the largest E&P companies in the U.S.

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