WPX Energy to add board member chosen by Taconic

|About: WPX Energy, Inc. (WPX)|By:, SA News Editor

A day after President/CEO Ralph Hill steps down, WPX Energy (WPX) reaches an agreement with Taconic Capital to add a new member to its board a candidate chosen by the fund.

Taconic agrees to support of all of the board's director nominees at WPXs 2014 annual meeting of shareholders.

Taconic is WPX's second largest shareholder, with 13.8M shares representing 6.9% of outstanding shares.