Bill Barrett Corp Appoints R. Scot Woodall Interim CEO
Bill Barrett Corporation (NYSE: BBG) announced today that its Board of Directors has appointed R. Scot Woodall, Chief Operating Officer, as interim Chief Executive Officer following Fred Barrett's decision to step down as Chairman of the Board, Chief Executive Officer, President and a director of the Company, effective immediately. Jim W. Mogg, lead independent director, has been elected as non-executive Chairman of the Board, effectively immediately.
The Board has formed a Search Committee, comprised of independent directors, to begin the search for a permanent CEO, and is in the process of retaining a leading executive search firm. The search process will include a full review of internal and external candidates. In addition to serving as interim CEO, Mr. Woodall will maintain his current responsibilities as COO while the search is conducted.
"The Board thanks Fred for his dedicated service to the Company since its inception," said Jim W. Mogg, Chairman of the Board. "During his tenure, Fred has guided the Company through a period