Apache shuffling executive ranks on heels of major asset sales

Fresh off a number of major asset sales, Houston-based exploration and production firm Apache Corp. is shuffling its executive ranks.

The company said Monday it believes the changes, which are effective Jan. 1, will help it become more profitable.

“We are concentrating our effort around the most promising growth areas for the company,” CEO G. Steven Farris said in a statement. “These organization updates strengthen our focus on delivering and supporting operational success.”

Among the executive changes:

–Rod Eichler, president and chief operating officer, will become executive advisor to the chairman of Apache and chief executive officer of Kitimat, where he will focus on oversight of Apache’s liquefied natural gas business and take on other duties.

–John Christmann,  region vice president for the Permian, will become executive vice president and chief operating officer, North America.

–Tom Voytovich, executive vice president for international operations, will become executive vice president and chief operating officer, International.

Other changes involve executives who handle technology and duties in South America and the United States.

Apache, which has operations in the United States, Canada, Egypt, the United Kingdom, Australia and Argentina, has been overhauling its portfolio in recent years.

It has announced divestments totaling nearly $7.2 billion. The deals include assets in the Gulf of Mexico, Canada and Egypt.

Also on FuelFix:

Photos show camel fossils unearthed by Apache project