World News

Shale pioneer Mark Papa to retire as Centennial Resource’s CEO, chairman

(Reuters) – Centennial Resource Development Inc <CDEV.O> said on Monday shale pioneer and Chief Executive Officer Mark Papa would retire at the end of May.

Papa, who is the chairman of Centennial as well as Schlumberger <SLB.N>, had built independent energy producer EOG Resources Inc <EOG.N> into one of the most profitable U.S. shale companies.

Centennial named Sean Smith as CEO and Steven Shapiro as non-executive chairman, separating the two roles.

(Reporting by Arathy S Nair in Bengaluru; Editing by Shounak Dasgupta)