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Vanguard Natural Resources has successfully emerged from bankruptcy.
Through its financial restructuring and the sale of non-core assets while in Chapter 11, the Company eliminated approximately $820 million of secured and unsecured debt from its balance sheet.
New Team
Scott W. Smith, President and Chief Executive Officer of the Company
Richard A. Robert, Executive Vice President and Chief Financial Officer of the Company
Michael Alexander, Managing Director at Marathon Asset Management
Joseph Citarrella, Principal at Monarch Alternative Capital, LP
Graham Morris, Distressed Equity Strategy Head for Contrarian Capital Management
R. Scott Sloan, former Senior Vice President, Strategy, Commercial, and Global New Business Development at Hess Corporation
Joseph Citarrella will serve as the chair of the new Board of Directors.
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Bankruptcy Exit
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