Cobalt names another BHP Billiton man to management position

Cobalt International Energy, a Houston-based exploration and production company, has named David Powell, a former BHP Billiton man, as the company’s new Chief Financial Officer (CFO) and Executive Vice President (VP).

This is the second time in only a couple of months for a BHP Billiton man to be named to an executive position in Cobalt. To remind, following the resignation of Cobalt CEO Joseph H. Bryant in late May, Timothy J. Cutt, former President, Petroleum of BHP Billiton, was named as Cobalt CEO.

Cobalt said on Thursday that David Powell previously served as CFO at BHP Billiton from March 2009 until May 2016 where he was entrusted with all operations regarding finance, accounting, commercial assurance, supply chain and information technology activities.

Powell replaces Shannon E. Young III who worked as the company’s CFO from September 2015.

According to the company, these changes will take effect on Friday, July 8, 2016.

Regarding Powell’s appointment, Cobalt CEO Cutt, said: “David is a deeply experienced oil and gas executive leader, both as a CFO and an international executive, with previous accountabilities spanning several continents where he succeeded in very challenging work environments. He has extensive experience interfacing with and working in capital markets with both equity and debt investors. I am absolutely confident David has the experience to lead the finance function during this critical time in Cobalt and am delighted he is joining Cobalt.”

Powell, the newly appointed CFO and Executive VP, said: “I am very excited to join Tim Cutt and the entire Cobalt team at this exciting and challenging time in Cobalt’s history, and look forward to working with these talented professionals to strengthen Cobalt’s financial foundation and deliver the greatest value to Cobalt’s shareholders.”

Powell has over 35 years of experience in the oil and gas industry during which he held numerous leadership roles in the United States, as well as Argentina, Russia, Malaysia and Qatar.

Share this article

Follow Offshore Energy Today

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply