People | People-Promotion

LINN Energy CFO Exits; Successor Named

Share Print Bookmark    |    Tuesday,August 25,2015

LINN Energy, LLC and LinnCo, LLC reported that David B. Rottino has been appointed as Executive Vice President and Chief Financial Officer of both LINN and LinnCo, effective immediately.

Mr. Rottino joined the Company in June 2008 as Senior Vice President and Chief Accounting Officer and has served as Executive Vice President, Business Development and Chief Accounting Officer since January 2014. Previously, he served as Senior Vice President of Finance, Business Development and Chief Accounting Officer from July 2010 to January 2014. Mr. Rottino has more than 20 years of experience in the oil and natural gas industry and has also held leadership positions with El Paso Corporation, ConocoPhillips and Burlington Resources. He holds a BBA from Texas Tech University and received his MBA from Texas Christian University. In his new role, Mr. Rottino will lead the Company's existing finance and investor relations teams, along with his continued oversight of the accounting and business development functions at the Company.

Mark E. Ellis, Chairman, President and Chief Executive Officer, said: "David has demonstrated tremendous leadership in the Company's transformational initiatives over the past two years, which have resulted in a more stable asset base and an improved ability to weather this current challenging environment. We believe his extensive industry knowledge, as well as his significant finance and accounting experience, will serve us well as we navigate an uncertain period of low commodity prices and position the Company for the future."

Kolja Rockov, Executive Vice President and Chief Financial Officer, will be leaving the Company to pursue other opportunities. This mutually agreed departure is not related to any disagreement with the Company's policies or practices.

Mr. Ellis commented, "We want to express our sincere appreciation to Kolja for his vision in leading the formation of our sector with LINN's IPO in 2006. His enthusiasm and innovation were central to LINN's growth from a small private company to one of the largest U.S. independent oil and natural gas producers over the last decade."