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The Dallas-based pipeline company said Thomas Long would succeed Jamie Welch as CFO.
Linn’s stock value dropped Friday from $1.20 a unit at Thursday’s close down to about 50 cents per unit after the struggling, heavily-indebted business said Thursday it is considering all strategic options, including a bankruptcy filing.
Linn, which borrowed billions of dollars to expand during the height of the shale oil boom, saw its stock value sink below $1 a unit for the first time in January.
Keith Mosing will move into a new role as a board director, and his day-to-day activities as an employee of Frank’s will cease, a company release said.
Southwestern Energy Co. has picked top lieutenant Bill Way to be its new chief executive, as outgoing CEO Steven Mueller prepares to retire later this year.
Some of the most notable changes were at Houston-based companies.
The company is one of the world’s biggest producers of gold and copper, both of which have tumbled in value this year.
Job ads can offer a useful peek into what companies actually want to do, and corporate watchdogs routinely comb them for clues.
The change comes after clashes between Cheniere’s leadership and some investors over their vision for the company’s future.
Souki’s departure comes after a long-running clash with activist investor Carl Icahn.