- Apache (NASDAQ:APA) announces the retirement of Chairman, President and CEO Steve Farris, effective immediately, although he will continue as non-executive chairman until May 1.
- North America COO John Christmann will succeed Farris President and CEO and join the board, while board member John Lowe will succeed Farris as non-executive chairman.
- Farris joined APA in 1988 and has served as CEO since 2002 and as Chairman since 2009 before being named President last year; Christmann has been with APA for 18 years and has served in a variety of leadership roles.