Warren Resources Inc. has appointed its new CEO, James A. Watt, to serve on the company's board of directors. Watt was appointed to fill a vacancy on the board, and the company said he would stand for reelection at its annual shareholder meeting next year. Watt was named CEO Nov. 16, ending a nearly one year-long search to fill the position. Lance Peterson had served as interim CEO until Watt's arrival. Peterson continues to serve on Warren's board of directors. The company, which tested its first Marcellus Shale wells earlier this year (see Shale Daily, Aug. 18), also said it has appointed Frank T. Smith, Jr. as its CFO. Smith had previously served as the CFO of Dune Energy Inc. Watt also joined Warren from Dune, where he had served as its CEO.