Southwestern Energy Co. tapped Carl Giesler Jr., formerly CEO of SandRidge Energy Inc., as its next CFO, the shale gas producer based in Spring, Texas, said in a July 15 release.

The appointment, which follows a release earlier this week by SandRidge announcing Giesler’s departure, comes at “an impactful time for Southwestern Energy,” commented President and CEO Bill Way in a statement welcoming Giesler to the Southwestern team.

“Carl’s distinctive strategic perspective and disciplined approach to driving shareholder value complement the company’s existing strategy and leadership team and will help build on SWN’s strong momentum,” Way said in the release.

Southwestern Energy is a U.S. producer of natural gas and NGL with a returns-driven strategy. The company recently added the Haynesville Shale to its portfolio, which also includes a position in Appalachia’s Marcellus and Utica shale plays, through the pending $2.7 billion acquisition of privately held Indigo Natural Resources LLC, expected to close later this year.

Since April 2020, Giesler, who has over 25 years of experience in various roles in the oil and gas industry, had served as president and CEO of Oklahoma City-based SandRidge Energy. Prior to that, he was CEO of Jones Energy Inc., where he spearheaded its cost and operational turnaround that led to its $201.5 million all-cash buyout.

Following his appointment at Southwestern, effective July 19, Michael Hancock, who has served as CFO on an interim basis since the untimely death of Southwestern’s previous CFO Julian Bott in January, will return to his post at the company as vice president of finance and treasurer.

“I want to thank Michael for the steady hand he provided these past many months and look forward to more of his exceptional work as a valued leader of the company,” Way added in his statement on July 15.

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