People | Top Story | Private Equity | People-Resignation | Capital Markets | Private Equity Activity

STACK E&P CEO Resigns

Email    |    Print    |    Bookmark

You Need to login first

   |    Friday,December 21,2018

Alta Mesa Resources announced the resignations of Harlan H. Chappelle, President and Chief Executive Officer, and Michael E. Ellis, Vice President and Chief Operating Officer - Upstream, effective December 26, 2018.

Mr. Chappelle and Mr. Ellis will also resign as members of the Company's board of directors, effective immediately.

James Hackett, Executive Chairman of the Board, has been named Interim Chief Executive Officer of the Company.

Agreement with PE Firm Meridian

The Company also announced that it has entered into an agreement with Meridian Energy LLC, which is led by Randy L. Limbacher, John H. Campbell and Mark P. Castiglione. Meridian is a private equity portfolio advisory company. Mr. Limbacher will serve as the President, Mr. Campbell will serve as the Chief Operating Officer Upstream and Mr. Castiglione will serve as the Chief of Staff to the President, on a consulting basis. The new leadership team will share details of the 2019 operating and financial plan early next year.

About Limbacher, Campbell & Castiglione

Mr. Limbacher, Mr. Campbell and Mr. Castiglione have worked with Riverstone Holdings LLC since June 2017. Mr. Limbacher's prior experience includes serving in Chairman, CEO, COO and EVP roles in various E&P companies such as Samson Resources, Rosetta Resources, ConocoPhillips and Burlington Resources. Mr. Campbell's prior experience includes serving as President and other senior executive positions at Quantum Resources, LLC and Ocean Energy. Mr. Castiglione's prior experience includes senior executive positions at Quantum Resources, LLC and El Paso Corp.