Seeking Alpha

QEP names Thacker to assist in separation of field services business

  • QEP Resources (QEP) appoints energy industry veteran William Thacker as an independent director on its board to assist in the separation of its oilfield services business into a stand-alone company.
  • The board earlier this year authorized the separation of the business, including its interest in QEP Midstream Partners (QEPM), after hedge fund Jana Partners had increased its position in QEP and argued that a more drastic restructuring was needed to spark a weak share price performance.
  • QEP also says it has reached an agreement with Jana to vote in favor of QEP's nominees at its 2014 annual meeting.
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