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Ultra Petroleum Corp. has reported that its Board of Directors is promoting Garland R. Shaw to Senior Vice President and Chief Financial Officer, effective August 1, 2014 , and that Marshall (Mark) D. Smith, the current Senior Vice President and Chief Financial Officer, is resigning to accept a new position at a larger company.
Mr. Smith will continue in his current role until August 1, 2014 to assist with second quarter financial reporting.
Michael D. Watford , Chairman, President and Chief Executive Officer, commented: "We congratulate Garland on his promotion to Senior Vice President and Chief Financial Officer. He has a wealth of experience in the oil and gas industry, and we are confident he will continue to make significant and valuable contributions to our business in his new role. We also wish Mark every success in the next stage of his career. He has been a valued member of our senior management team for many years, and we greatly appreciate his efforts on behalf of our company."
Since joining Ultra Petroleum in 2006 as Corporate Controller, Mr. Shaw has earned roles with increasing leadership and responsibility, including his promotion to the executive leadership team as Vice President and Controller in 2013. He has over 30 years of experience in the oil and gas industry, including accounting, financial analysis, and economic evaluation for large multi-national energy companies. Mr. Shaw earned an undergraduate degree in Accounting from Oklahoma State University and holds a Master of Business Administration from the University of Dallas . He is a Certified Public Accountant in the state of Texas .