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Oasis Petroleum Inc. announced that Thomas Nusz, the Company's Chief Executive Officer, retired from his position as Chief Executive Officer of Oasis and from its Board of Directors effective December 22, 2020.
Mr. Nusz will remain employed by the Company through December 30, 2020.
Douglas E. Brooks, Oasis' Board Chair, has been appointed to the additional role of CEO effective December 22nd.
The Board of Directors will conduct a search for a new CEO, which it expects will be complete over the next few months. Mr. Brooks intends to maintain his role as Board Chair following selection of a new CEO. In addition, Samantha Holroyd, the chair of Oasis' Nominating, Environmental, Social & Governance Committee, has been named as Lead Independent Director during the period that Mr. Brooks is both the Board Chair and CEO.
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