Gleeson Van Riet, senior vice president and CFO of Sanchez Energy Corp. (NYSE: SN), plans to resign from the position of CFO, effective March 30, for what the company says are personal reasons. Effective immediately, Sanchez Energy has named Garrick "Rick" Hill as interim co-CFO.
To ensure continuity while Sanchez conducts a search to permanently fill the CFO position, Gleeson will transition those responsibilities to Hill on an interim basis. Hill has more than 27 years of industry experience that encompasses energy finance, risk management, treasury, and investor relations activities, most recently as senior vice president of investor relations for Sanchez Production Partners LP (SPP) and as treasurer, assistant secretary, and vice president of risk management of Sanchez Production Partners GP LLC, SPP's general partner.
The company has retained Spencer Stuart to assist in the process of searching for a new permanent CFO.
Sanchez Energy is focused on the acquisition and development of unconventional oil resources in the onshore US Gulf Coast, with a current focus on the Eagle Ford shale play in South Texas where it has assembled approximately 200,000 net acres, and on the Tuscaloosa Marine shale play.