CALGARY, April 23, 2014 /CNW/ - Following a 20-year career with Nexen,
highlighted by overseeing the acquisition of the company by CNOOC
Limited, Kevin Reinhart is departing from his role as Chief Executive
Officer (CEO) of Nexen Energy ULC, a wholly-owned subsidiary of CNOOC
"On behalf of CNOOC Limited and the Nexen organization, I want to thank
Kevin for his contributions to Nexen and wish him all the best in his
future endeavours," said Mr. Li Fanrong, CEO of CNOOC Limited.
Fang Zhi, Executive Vice President, CNOOC Limited, is assuming the
position of Nexen CEO.
Fang will bring considerable operational and technical depth to the
position, detailed knowledge of CNOOC's organization and processes and
extensive executive-level leadership experience at CNOOC Limited. His
30-year career with CNOOC will enable Fang to lead Nexen to
collaboratively deliver results for CNOOC Limited.
Fang is well known to Nexen leadership. He has an in-depth understanding
of the Nexen organization and has been directly involved in all aspects
of integration over the past year.
"I'm very pleased to accept this role," stated Fang. "Nexen is well
positioned to create significant value for CNOOC Limited; we've made
tremendous gains on integration, our portfolio of assets is
world-class, and we have an outstanding team of employees who are
committed to driving our success. I'm looking forward to being a part
of our organization's bright future."
CNOOC Limited's strategy and priorities for Nexen as a wholly-owned
subsidiary remain unchanged.
Image with caption: "CNOOC-Nexen Logo (CNW Group/Nexen) (CNW Group/Nexen Energy ULC)". Image available at: http://photos.newswire.ca/images/download/20140423_C4813_PHOTO_EN_39564.jpg
SOURCE: Nexen Energy ULC
For further information:
Nexen Energy ULC