Range Resources CEO Jeff Ventura to retire, Dennis Degner to succeed

Range Resources announced that, after almost 20 years of service which included the discovery and development of the Marcellus Shale field, Jeff Ventura plans to retire from the company effective June 2 and will not seek reelection to the board. Range’s board of directors has selected Dennis Degner, the company’s executive VP and COO to assume the role of president and CEO effective at the company’s annual shareholder meeting May 10. In addition, Degner will be nominated for election to the company’s board of directors. Degner has more than 25 years of modern shale gas development experience, including having served as division VP of Range’s Appalachia Division with responsibility for what is currently the company’s sole operational area. In addition, in recognition of the work by Mark Scucchi as CFO, the board has elected Scucchi to the position of executive VP and CFO.