Roan Resources, Oklahoma-based oil and gas company said it appointed Joseph Mills as the executive chairman who will take on the responsibilities of the principal executive officer of the company as the previous CEO resigns.
Tony Maranto resigned from his positions of chairman of the Board of Directors, chief executive officer and president, effective as of April 12, 2019, for personal reasons, the company said.
Both the changes are effective April 15, 2019, on an interim basis until the search for a new chief executive officer is complete.
All of the senior management of Roan remains in place and will report to Mills, who intends to devote a meaningful amount of his time to manage the day-to-day affairs of the company. As a member of Roan’s Board of Directors, Mills is deeply familiar with all aspects of Roan’s business. Mills experience at Roan and his established relationships with Roan’s management team will ensure no disruptions in the operations of Roan’s premier assets.
Mills currently serves as the president and chief executive officer of Samson Resources II, LLC, a position he has held since March 2017. Prior to joining Samson Resources, Mills served in various roles, including chairman and chief executive officer positions for several public and private oil and gas companies, including Eagle Rock Energy G&P, LLC and Montierra Management LLC. He also served in director and executive officer positions at several other industry related companies.
Mills received a Bachelor of Business Administration degree in Petroleum Land Management from the University of Texas and a Master of Business Administration degree in Finance from the University of Houston. Additional information on Mills can be found in the Form 8-K filed by the Company on November 6, 2018.
“We thank Tony for his dedicated service to Roan and wish him well,” said Mills. “I know the company well from my service on its Board and am excited to assume the role of executive chairman.”
The Board of Directors plans to engage an executive search firm to find a permanent replacement for the chief executive officer position.