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Southwestern Energy Company has reported that Harold M. Korell, Chairman of the Board of Directors, has decided to retire from the Board at the May 2014 annual meeting of stockholders and that the Board intends at that time to elect Steven L. Mueller, the company's President and Chief Executive Officer, as Chairman.
Mr. Mueller will continue as CEO.
Steven L. Mueller commented: "In his 17 years with Southwestern Energy, including a decade as Chief Executive Officer and most recently as non-executive Chairman, Harold presided over phenomenal growth for our company and return for our shareholders. He leaves a legacy of building value with disciplined focus on having the right people do the right things with our assets and the cash flow they create."
Harold Korell also stated, "Working with the people of Southwestern Energy has been a wonderful experience. I am proud to have been a part of such a great team and see them achieve such successes. As a shareholder, I am delighted that the Board will be choosing Steve as our new Chairman. He is a tremendous asset to the company and continues to have my full confidence and support."