- Exco Resources (NYSE:XCO) says Doug Miller has resigned from his positions as Chairman of the Board and CEO as well as from the board of directors, effective Nov. 20; no explanation is given for the sudden departure.
- Jeff Benjamin, a long-time investor in XCO and an independent member of the board, is appointed Non-Executive Chairman; a search for a new CEO has started.
- XCO approves a 2014 capital budget of up to $368M.
- Shares +5% premarket.