Denbury's (DNR) Previously Announced Succession Plan to Take Effect

June 30, 2009 9:06 AM EDT

Denbury Resources Inc. (NYSE: DNR) today reported that in accordance with its previously announced succession plan, Gareth Roberts, founder of the Company, stepped down as President and CEO, became Co-Chairman of the Board of Directors and assumed a non-officer role as its Chief Strategist. Effective today, Phil Rykhoek, currently Senior VP and CFO, became the new CEO and Tracy Evans, currently Senior VP Reservoir Engineering became President and COO. Mark Allen, currently VP and Chief Accounting Officer, became Senior VP and CFO. Alan Rhoades, currently Controller - Financial Reporting, became Vice President of Accounting.


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