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Stock impact report

Obsidian Energy Appoints Michael Faust as Interim President and Chief Executive Officer

Obsidian Energy Ltd. (OBE) 
Last obsidian energy ltd. earnings: 8/2 06:30 am Check Earnings Report
US:NYSE Investor Relations: obsidianenergy.com/investor-centre
Company Research Source: PR Newswire
CALGARY, March 7, 2019 /PRNewswire/ - OBSIDIAN ENERGY LTD. (TSX – OBE, NYSE – OBE.BC) ("Obsidian Energy", the "Company", "we", "us" or "our") today announced the appointment of Michael J. Faust as interim President and CEO, effective March 18, 2019 for a period of twelve months with an optional six-month extension. Mr. Faust will succeed current President and CEO, David French, who will step down from the Company effective March 29, 2019. Mr. French will not stand for reelection as a director at the Company's Annual General Meeting.Mr. Faust has been a member of Obsidian's Board of Directors ("Board") since April 6, 2018. He has 35 years' experience within the oil and gas sector, including diverse geological, geophysical and technical reservoir experience spanning many different basins and formations throughout the world. Mr. Faust previously served as Vice President, Exploration and Land at ConocoPhillips Canada Ltd. and ConocoPhillips Alaska, Inc., prior to his retirement in January Show less Read more
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