Noble Energy, Inc. has announced that the Board of Directors has elected David L. Stover as President and Chief Executive Officer, succeeding Charles D. Davidson as CEO.
Stover’s election is consistent with the management succession plan disclosed in April of this year when it was announced that Davidson would be retiring on May 1, 2015.
Stover has previously been serving as the company’s President and Chief Operating Officer. Davidson will continue to serve as the company’s Chairman until the 2015 Annual Meeting at which time he will be leaving the Board of Directors. The Board also announced that it intends to elect Stover as Chairman of the Board immediately following the 2015 Annual Meeting.
The company also announced that Susan M. Cunningham has been elected Executive Vice President responsible for Noble Energy’s global Exploration, New Ventures, Frontier, Environmental, Health, Safety, Regulatory and Business Innovation activities.
In addition, Gary W. Willingham has been elected Executive Vice President responsible for Noble Energy’s global Production, Drilling, Major Projects and Supply Chain activities. Both Cunningham and Willingham will report directly to Stover.