Chris Atherton was named CEO of EnergyNet by the company’s board of directors on Jan. 14, succeeding EnergyNet founder William W. Britain.

Britain, who founded the A&D advisory firm in 1999 and served as its CEO, will remain chairman of the company’s board, a press release from EnergyNet said.

“Chris is clearly the best person to take EnergyNet to the next level, and he has the unanimous support of our board,” Britain said in a statement. “The board took the thoughtful approach that our buying and selling clients, partners, stakeholders, and employees expected and deserved.”

Atherton has held varying roles of increasing responsibility since he joined EnergyNet in 2002, most recently serving as its president.

“Being chosen to lead EnergyNet truly is an honor, and I can’t think of a more exciting time to be in the upstream oil and gas acquisition and divestment business,” Atherton said in a statement. “I look forward to building upon our progress to improve the acquisition and divestment experience for our valued clients.”

EnergyNet is a technology-enabled oil and gas asset acquisition and divestiture platform that facilitates the sale of oil and gas fields in every U.S. Basin. In 2018, the company successfully closed $2.3 billion in oil and gas asset transactions, its press release said.