People | People-Resignation | People-Promotion
Panhandle Taps New President & CEO as Blanchard Steps Down
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Panhandle Oil and Gas Inc.'s President & CEO Paul F Blanchard Jr. has stepped down as a member of the Board, and as President and Chief Executive Officer of the Company effective August 26, 2019.
The Panhandle Board of Directors has appointed Chad L. Stephens, Panhandle's Lead Independent Director, to serve as Interim Chief Executive Officer. Mr. Stephens has been a member of the Board since 2017 and serves on the Audit Committee and the Compensation Committee. He will remain a Director, and the role of Lead Independent Director will be assumed by Mark T. Behrman, a member of the Board since 2017.
About Chad L. Stephens
Mr. Stephens has many years of leadership experience in the oil and gas industry. Most recently he served as Senior Vice President - Corporate Development of Range Resources Corporation (NYSE:RRC) ("Range"), a position he held from 2002 to 2018. Mr. Stephens joined Range in 1990 as Senior Vice President - Southwest. While at Range he was responsible for the origination, valuation and acquisition or divestiture of over $4.0 billion of oil and gas producing properties. Mr. Stephens served on Range's internal hedging committee and was responsible for the oversight of all gas, oil and NGL marketing and sales. From 1988 to 1990, Mr. Stephens was with Duer Wagner & Co., an independent oil and gas producer. Before that, he was an independent oil operator in Midland, Texas for four years. From 1979 to 1984, Mr. Stephens was with Cities Service Company and HNG Oil Company. Mr. Stephens holds a Bachelor of Arts degree in Finance and Land Management from the University of Texas.
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