California Resources Corp. appointed Manuela Molina on May 1 to executive vice president and CFO, effective May 8.
Molina is taking the place of former CFO Francisco Leon, who was promoted to president and CEO on April 28, as well as made a member of the board of directors.
Molina is joining California Resources from Sempra Energy as the vice president of audit services and vice president of investor relations. Molina also served as CFO of a subsidiary of Sempra Energy, Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova).
“As the company carries on with its energy transition initiatives, I’m excited to work with Francisco [Leon, president and CEO of California Resources] and the rest of the team to expand on the carbon management business [and] safely produce and deliver low carbon intensity energy to the local communities where [California Resources] operates and help California achieve its climate goals.”
California Resources Corp. is an independent energy and carbon management company.
Recommended Reading
Private Equity Gears Up for Big Opportunities
2024-10-04 - The private equity sector is having a moment in the upstream space.
E&P Consolidation Ripples Through Energy Finance Providers
2024-11-29 - Panel: The pool of financial companies catering to oil and gas companies has shrunk along with the number of E&Ps.
Companies Take Advantage of ABSs to Finance Acquisitions
2024-10-17 - Some companies have taken advantage of asset-backed securitizations to monetize some of their cash flows and better position themselves for a sale.
Sheffield: E&Ps’ Capital Starvation Not All Bad, But M&A Needs Work
2024-10-04 - Bryan Sheffield, managing partner of Formentera Partners and founder of Parsley Energy, discussed E&P capital, M&A barriers and how longer laterals could spur a “growth mode” at Hart Energy’s Energy Capital Conference.
Oxy’s Hollub Drills Down on CrownRock Deal, More M&A, Net-zero Oil
2024-11-01 - Vicki Hollub is leading Occidental Petroleum through the M&A wave while pioneering oil and gas in EOR and DAC towards the goal of net-zero oil.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.