Southwestern Energy: Greg Kerley to Retire; Craig Owen Promoted to Chief Financial Officer

Southwestern Energy Company SWN announced today that Greg D. Kerley will retire as an executive of the company and its subsidiaries effective at the end of the third quarter. In connection with Mr. Kerley's retirement, the company has promoted R. Craig Owen to Chief Financial Officer effective October 1, 2012. Mr. Kerley has served in various roles for over 22 years at Southwestern, beginning in 1990 as Controller and Chief Accounting Officer then serving as Treasurer and Secretary before he was named Senior Vice President and Chief Financial Officer in 1998 and promoted to Executive Vice President in 1999. He became a Director of the Company in August 2010. Mr. Kerley will continue to serve on the Board of Directors until the 2013 Annual Meeting of Shareholders, at which time Mr. Kerley intends to seek re-election to the Board.