SandRidge Hires a New CFO

Before you go, we thought you'd like these...
Before you go close icon

SandRidge Energy hasn't wasted much time finding a new executive to head its finance team. Less than a week after advancing CFO James Bennett to the CEO chair, the company has named his replacement. The new CFO is to be Eddie LeBlanc, who will take up his position on July 8.

LeBlanc is a veteran energy industry CFO. He has filled that role at East Resources -- now a unit of Royal Dutch Shell -- as well as PostRock Energy, and Range Resources, among others.

In terms of his brief, SandRidge quoted CEO Bennett as saying that "we expect him to focus on capital discipline, optimizing SandRidge's spending levels, and executing on our previously announced financial strategy designed to delivers returns to our shareholders."

According to an SEC filing submitted by the company, LeBlanc is to receive an annual base salary of $425,000. He will also be eligible for a target annual incentive award of $375,000, and a target long-term incentive award of $1.5 million, payable in cash and stock.

The article SandRidge Hires a New CFO originally appeared on

Fool contributor Eric Volkman and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

People are Reading