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Victory Energy Appoints Interim CFO

Share Print Bookmark    |    Wednesday,April 13,2016

Victory Energy Corporation announced that its board of directors has appointed Jeff Marlowe as its Interim Chief Financial Officer. Mr. Marlowe will replace Fred J. Smith, Jr. who resigned from the company last week to pursue other opportunities. 

Prior to joining the Company, Mr. Marlowe held the position of Director of General Accounting at Forestar Group, Inc., a real estate and natural resource development company, where he directed a multi-location accounting team encompassing employees in both the real estate and oil and gas business segments. Prior to his post at Forestar, from 2009 to 2013, Mr. Marlowe was employed by Davis Petroleum Corp., a private-equity owned oil and gas company, where he first started as Corporate Controller and was eventually promoted to Vice President & Controller and was the most senior financial officer of the company. Before his role at Davis Petroleum, Mr. Marlowe served as Controller at Kayne Anderson Fund Advisors, LLC and was the Financial Reporting Manager at Rosetta Resources. He started his career in public accounting in the Global Energy Practice at PwC, LLP as an audit manager in both their Houston and London, UK offices. Mr. Marlowe graduated from Texas A&M University in 1997 with a BBA in Accounting and Finance and is a Certified Public Accountant in the State of Texas. 

Kenny Hill, Chief Executive Officer of Victory Energy, said: "We welcome Jeff to the position and are very pleased to have someone of his caliber and financial skill set serve as our Interim CFO. Jeff brings the perfect combination of skills, experience, dedicated work ethic and leadership abilities that we need to execute our strategy of growth through acquisitions. His proven and concentrated experience in the oil and gas industry, dedication to quality people management and history of driving internal systems, measurement and process improvement are ideal. We believe these qualities will be instrumental as we execute our business plan and navigate through the current commodity price cycle downturn.

"On behalf of our board and management team I would like to thank Fred Smith for his service and commitment during his time as Chief Financial Officer at Victory Energy and wish him the best in his future endeavors," added Mr. Hill.