ChampionX Corp. on Jan. 19 said that after a 35-year career in financial leadership roles, Jay A. Nutt is retiring from his position as senior vice president and CFO of the company. Jay will transition from his role as CFO effective February 1, 2021, but will remain with the company as an advisor through the second quarter of this year to ensure a smooth transition. The company has appointed Kenneth M. Fisher as executive vice president and CFO effective February 1, 2021.
Fisher served as the executive vice president and CFO of Noble Energy Inc., an oil and natural gas exploration and production company, from 2009 until its acquisition by Chevron in October 2020. He also served as chair of the board of Noble Midstream Partners from 2016 until October 2020. Before joining Noble Energy, he served in a number of senior leadership roles at Shell. Prior to joining Shell in 2002, Fisher held senior finance positions within business units of General Electric Company. He has also served on the ChampionX board of directors and as chairman of the audit committee of the board since 2018. Fisher will resign from the board effective February 1, 2021.
“I want to personally thank Jay for his leadership and important contributions to our organization over the last several years as we became a standalone publicly traded company and later completed our successful transformational merger with ChampionX during a challenging period for our energy industry. Jay has been a trusted business partner and I wish him the very best in his next chapter of life,” Sivasankaran Somasundaram, ChampionX’s president and CEO, said.
Recommended Reading
Equinor Commences First Tranche of $5B Share Buyback
2025-02-07 - Equinor began the first tranche of a share repurchase of up to $5 billion.
Rising Phoenix Capital Launches $20MM Mineral Fund
2025-02-05 - Rising Phoenix Capital said the La Plata Peak Income Fund focuses on acquiring producing royalty interests that provide consistent cash flow without drilling risk.
Chevron Makes Leadership, Organizational Changes in Bid to Simplify
2025-02-24 - Chevron Corp. is consolidating its oil, products and gas organization into two segments: upstream and downstream, midstream and chemicals.
Elliott Nominates 7 Directors for Phillips 66 Board in Big Push for Restructuring
2025-03-04 - Elliott Investment Management, which has taken a $2.5 billion stake in Phillips 66, said the nominated directors will bolster accountability and improve oversight of Phillips’ management initiatives.
Shell Shakes Up Leadership with Upstream and Gas Director to Exit
2025-03-04 - Zoë Yujnovich, Shell’s Integrated Gas and Upstream director, will step down effective March 31.