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Apache Corporation has reported that Stephen Riney will be appointed as executive vice president and chief financial officer. He is scheduled to begin in February.
Riney brings over 30 years of financial and accounting experience to the position. He joins Apache following a distinguished career at BP, plc. where he worked following the merger with Amoco in 1998. Most recently, Riney served as the chief financial officer for BP exploration and production and oversaw all accounting, business development, planning and commercial operations for the upstream segment. Previously, he served as the global head of mergers and acquisitions and held several management positions in project finance, insurance, operations and planning. Prior to the merger with BP, Riney spent nine years with Amoco in various management roles in finance, mergers and acquisitions, planning and marketing.
John J. Christmann, IV, chief executive officer and president, commented: "We are very excited to welcome Steve to the Apache executive team. He brings decades of experience and thoughtful leadership to Apache. His background in the upstream business complements both our operations and long-term growth objectives."
Riney said: "It is an honor to join Apache, a company I have long admired for its strong operational reputation and its fiscal discipline. I look forward to working with management and serving Apache's shareholders. Apache has a strong finance team, and we are well positioned to continue the company's commitment to delivering shareholder value through profitable growth and a disciplined financial approach."
Riney holds an MBA from The University of Chicago Booth School of Business and a BBA in accounting and finance from the University of Notre Dame.