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Argent Energy Trust CEO Resigns

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Argent Energy Trust CEO Resigns

Argent Energy Trust has announced a management update and cost cutting measures.

Management Update

Mr. John Elzner, the CEO and President, will be leaving Argent and resigning as a director, effective April 30, 2015.

Argent would like to thank Mr. Elzner for his hard work and management with Argent since its IPO in August 2012 and through the recent challenging period. Mr. Richard Louden, the Executive Chairman, will oversee Argent's ongoing strategic plans, while Mr. Steven Hicks has been appointed the Chief Operating Officer and will oversee day-to-day operations out of the Houston office. Mr. Hicks was previously the Senior Vice-President, Business Development, having joined Argent in October 2012, and has 35 years of industry experience. Prior to joining Argent, Mr. Hicks worked in an…

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