Lilis Energy Announces Appointment of David M. Wood as Chairman upon Retirement of Ron Ormand as CEO and Chairman
LILIS ENERGY (LLEX)
Last lilis energy earnings: 11/7 05:24 pm
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US:NASDAQ Investor Relations:
investors.lilisenergy.com
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Source: GlobeNewswire
HOUSTON, June 06, 2019 (GLOBE NEWSWIRE) -- Lilis Energy, Inc. (NYSE American: LLEX), an exploration and development company operating in the Permian Basin of West Texas and southeastern New Mexico, today announced that Ron Ormand, currently Chairman of the Board of Directors (“Board”) and Chief Executive Officer (“CEO”), has notified the Board of his planned retirement from the Company effective June 6, 2019. The Board has elected David M. Wood to serve as Chairman of the Board and Joe Daches, currently President and Chief Financial Officer, to serve as interim CEO while a search for a new CEO is conducted. David Wood, Chairman of the Board, said, “On behalf of the entire Board, we wish to express our gratitude to Ron for the vision he brought to the creation of Lilis Energy, and for his dedication in getting the company to where it is today. We all wish Ron the very best in his retirement and look forward to his continuing contributions as a member of our Board.” David continued,
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