HOUSTON — Houston independent oil company Apache Corp. is now on its third finance chief since February.
On Tuesday the company announced the resignation of Chief Financial Officer Alfonso Leon, and named Executive Vice President Anthony Lannie to serve as interim CFO during a search for Leon’s permanent replacement.
Apache’s prepared statement didn’t elaborate on the circumstances of Leon’s departure, except to say that it “ is not related to any issues regarding financial disclosures, accounting or legal matters.” Leon did not return a call to his cell phone Tuesday evening.
Apache appointed Leon CFO on Feb. 11 to succeed Thomas Chambers, who became a senior vice president. Leon joined Apache in 2009 and had served as senior vice president and chief of staff since 2012.
The company has been facing pressure from shareholders to streamline its portfolio and further divest its non-U.S. assets.
Apache has sold more than $10 billion in assets since 2012 as part of its divestment strategy, including stakes in Argentina, the shallow-water Gulf of Mexico and Egypt. It has also said it plans to exit liquefied natural gas projects it was pursuing in Australia in Canada.
CEO G. Steven Farris mentioned the ongoing process in the statement announcing Leon’s departure.
“We are continuing to evaluate options for our international assets and LNG projects, including the potential separation of these assets through strategic transactions or the capital markets,” Farris said.
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