Whiting Petroleum Corp. CEO Bradley J. Holly will resign following the company’s emergence from bankruptcy to pursue other interests, Whiting said in an Aug 14 release.

Holly has served as president and CEO of Whiting Petroleum since November 2017 and was named board chairman the following year. He had previously served in various roles at Anadarko Petroleum Corp. prior to joining Whiting.

Industry veteran Lynn Peterson is expected to be appointed as Whiting’s next CEO, effective as of the completion of the company’s restructuring, projected to occur on Sept. 1. At the time, Whiting will also welcome a new independent board of directors.

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