[Context: On June 12, Denver-based Crestone Peak Resources announced its current director Roger Huang, a principal at CPPIB, would join as EVP and chief development officer. James Trimble, former CEO of Stone Energy, was appointed chairman of the board. Further details and related links are below.]
Crestone Announces Addition to Executive Team and Changes to Board of Directors
DENVER–June 12, 2018–(BUSINESS WIRE)–Crestone Peak Resources (“Crestone”) announced today that Roger Huang has been named Executive Vice President and Chief Development Officer, stepping down from his previous role on the Company’s Board of Directors. Mr. Huang will join Tony Buchanon, President and Chief Executive Officer, and Barry Turcotte, Senior Vice President and Chief Financial Officer to complete the Company’s Executive Team.
Additionally, James Trimble was appointed Chairman of the Board of Directors. Previous Chairman Avik Dey, will transition to a role on the Board of Directors, joining current Board Directors Benita Warmbold, Carl Peterson, and John Crum.
“Since Crestone’s inception in July 2016, our team has had an eye on the future and a goal of attracting and retaining our industry’s most talented, forward-thinking professionals,” said Tony Buchanon, Crestone President and Chief Executive Officer. “The addition of Roger to the Executive Team and Jim’s appointment as Chairman, reflects our intent to be a leading operator and acquirer in the Rocky Mountain Region.”
More about Mr. Huang and Mr. Trimble
Mr. Huang brings more than 14 years of experience in the oil and gas industry in private equity, industry, and investment banking. Prior to joining Crestone, he was a Principal at the Canada Pension Plan Investment Board (“CPPIB”) in the Natural Resources Group, where he was the Group’s first hire after inception, helped start the Group’s NYC office and grow assets under management to $6.1 billion. During this time, he founded and led the investment into Crestone Peak Resources and served on the Company’s Board of Directors. Prior to CPPIB, Mr. Huang served as Vice President at First Reserve in the Hong Kong and Houston offices, and started his career in Investment Banking for Banc of America Securities LLC. Mr. Huang holds an M.B.A. from the Wharton School at the University of Pennsylvania and a B.B.A. from the University of Texas at Austin with High Honors.
Mr. Trimble joined the Crestone Board of Directors in 2016, and brings more than 45 years of oil and gas industry experience. He previously served as the interim Chief Executive Officer and President of Stone Energy Corporation (NYSE: SGY). Prior to Stone, he served as CEO and President of PDC Energy, Inc. (NASDAQ: PDCE) and was a member of its Board of Directors. Mr. Trimble has also held senior management positions at both public and private independent oil and gas companies, including CEO of Grand Gulf Energy Company LLC, Elysium Energy and TexCal Energy, and Senior Vice President of Exploration and Production for Cabot Oil and Gas Corporation. Mr. Trimble currently serves on the Board of Directors of Callon Petroleum (NYSE: CPE), Seisgen Exploration, and formerly served on the Board of Directors of Blue Dolphin Energy. Mr. Trimble is a registered Professional Engineer and graduated from Mississippi State University with a degree in Petroleum Engineering.
About Crestone Peak Resources
Crestone Peak Resources is an independent energy company focusing on the acquisition, exploration, development, and production of oil and gas reserves in the Rocky Mountain Region. Formed in 2016, Crestone’s team of nearly 200 professionals has significant operating experience, deep ties to communities in Colorado, and is committed to operating safely and responsibly. Crestone’s acreage is located in the Greater Wattenberg Field of Colorado’s Denver-Julesburg Basin. The Company is headquartered in Denver and has an office in Firestone.