Denver-based Bonanza Creek Energy Inc. has appointed Eric T. Greager as CEO and president effective April 11. R. Seth Bullock, a managing director of Alvarez & Marsal, has served as interim CEO since June 2017. Greager, 47, joined Encana Corp. in 2006 and was a vice president and general manager at Encana Oil & Gas (USA) Inc. Greager received a master’s degree in economics from the University of Oklahoma and a bachelor’s degree in engineering from the Colorado School of Mines. Greager “has the right background, leadership and cultural disposition to successfully lead our company” said Chairman Jack E. Vaughn. As part of his compensation package, the board granted Greager an employment inducement award of restricted stock units with a grant-date fair value equal to $4 million to compensate him for forfeited equity compensation from Encana.
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