Lee K. Boothby, 47, president of Newfield Exploration Co., was elected CEO at the company’s annual meeting. He succeeds retiring David A. Trice, 61, who agreed to serve a one-year term as nonexecutive chairman. Boothby joined Newfield 10 years ago and previously served as senior vice president of acquisitions and business development. He also has headed Newfield’s Midcontinent division. Gary D. Packer, 46, who most recently served as president of Newfield’s Rocky Mountain division, was promoted to executive vice president and COO. Terry W. Rathert, 56, a founding member of the company, was promoted to executive vice president and CFO by the board. Daryll T. Howard, 46, was promoted to vice president of the Rocky Mountains division, succeeding Packer. In addition, Samuel E. Langford, 51, was promoted to vice president of corporate development.
Trice
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People
Houston-based Newfield Exploration Co. made David A. Trice CEOeffective today, replacing Joe B. Foster who resigned as CEO butwill remain as chairman and be involved with the company in anon-executive role. Foster, a director of Baker Hughes Inc. since1990, has been made interim CEO of that company in the wake of theresignation of Max L. Lukens. Foster resigned his Newfield positiontwo weeks ahead of the planned date of Feb. 15 to accept thetemporary post at Baker Hughes. Foster founded Newfield in 1989after serving as executive vice president of Tenneco Inc. andChairman of Tenneco Oil.
People
David A. Trice was named Joe B. Foster’s successor as CEO ofHouston-based Newfield Exploration Co. effective Feb. 15 whenFoster vacates the position as part of his retirement plans.Foster, a principal founder of Newfield, will continue as chairman.Newfield is an independent oil and gas company active in the Gulfof Mexico, along the U.S. Gulf Coast and off Australia.
