Sanchez Energy Corp.’s (NYSE: SN) executive vice president and CFO, Michael G. Long, plans to retire, effective April 30. Gleeson Van Riet, senior vice president of capital markets and investor relations, has been named interim co-CFO, effective immediately.
The company has retained Spencer Stuart to assist in the process of searching for a new CFO. Long is expected to remain with the company until April 30 and to transition his responsibilities to Van Riet to ensure continuity while a thorough search to permanently fill this position is conducted. The company also expects that Long will provide certain ongoing post-retirement assistance to help in the transition of his responsibilities to Van Riet and his ultimate successor.
Van Riet, who joined Sanchez Oil & Gas in April 2013, has over 20 years of financing experience and previously served as an investment banker with Credit Suisse and Donaldson, Lufkin & Jenrette. He will serve as co-CFO until a replacement for Long is named.