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Concho Announces Retirement of CFO, SVP of Exploration

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Concho Announces Retirement of CFO, SVP of Exploration

Concho Resources Inc. announced that Darin G. Holderness, the Company's Senior Vice President, Chief Financial Officer and Treasurer, will retire from the Company in January 2017. Jack F. Harper, who is currently Executive Vice President of the Company, has assumed the additional roles of Chief Financial Officer and Treasurer, effective immediately.

The Company further announced that Matthew G. Hyde, Senior Vice President of Exploration, will retire from the Company in January 2017.

Tim Leach, Chairman, Chief Executive Officer and President, commented, "During their long tenures at the Company, Darin and Matt helped drive many of the great achievements at Concho. The organizations they have helped build provide Concho with a strong foundation for future success. I am grateful for their contributions and congratulate them on their retirement."

Mr. Holderness and Mr. Hyde have each taken on the role of Special Advisor and will remain with the Company in that capacity through the end of 2016.


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