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People -- Chris Hewitt, Magnum Hunter

Magnum Hunter Resources Corp., which has suspended its drilling program amid a company liquidity crunch, continues to shuffle its executive ranks. The company named Chris Hewitt vice president of finance and capital markets. The company has been trying for months to raise cash with little success, including efforts to sell a large natural gas gathering system in the Appalachian Basin for millions of dollars (see Shale DailyAug. 11). Hewitt brings to Magnum more than 14 years experience in the investment banking industry, including expertise in equity, debt, merger and acquisition markets. Hewitt's hiring comes just a month after the company hired Keith Yankowsky as executive vice president and COO. Prior to joining Magnum, Yankowsky served as vice president ofChesapeake Energy Corp.'sAppalachian south business unit. 

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