Denver.-based Bill Barrett Corp. (NYSE: BBG ) is under new management. The oil and gas developer announced Wednesday that it has confirmed interim Chief Executive Officer R. Scot Woodall as its new permanent president and CEO. The appointment took effect Tuesday.
Woodall, 51, has worked for Barrett since 2007, joining the firm as executive vice president and senior vice president of operations before being promoted to chief operating officer in 2010. He had been serving as interim CEO since prior CEO Fred Barrett's resignation in January.
Woodall "has significant industry experience and his commitment to operational excellence should deliver shareholder value as we develop our core positions in the DJ Basin and Uinta Oil Program," Chairman of the Baord Jim Mogg is quoted as saying. Woodall said he would work to "maintain a work environment that highly emphasizes the safety of our employees and environmental stewardship in all the communities in which we operate."