Pioneer Natural Resources announced that the Board of Directors has named Richard P. Dealy as the Company’s next Chief Executive Officer, effective January 1, 2024. Dealy will replace current CEO Scott D. Sheffield, who will retire at the end of 2023. Sheffield is expected to continue to serve on the Board following his retirement. The Board also previously nominated Dealy for election to the Company’s Board. Chairman Ken Thompson said, "Rich is the right leader to build on the strong foundation that Scott has established. He embodies the Pioneer culture, and now is the right time to implement the robust succession plan we have put in place. Scott has been a trailblazer in this industry, and he has guided Pioneer through multiple commodities and market cycles as well as recent macroeconomic challenges, including the pandemic. The Board is deeply grateful to Scott for his leadership over the years and respects his decision to retire in order to spend more time with his personal and philanthropic interests." Dealy is currently the Company’s President and Chief Operating Officer.
Published first on TheFly
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