Forest Oil (FST) Names Patrick R. McDonald as Interim CEO
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Forest Oil Corporation (NYSE: FST) (Forest or the Company) today announced that the Company’s Board of Directors has appointed Patrick R. McDonald, an experienced industry leader and member of the Forest Board of Directors, to serve as Interim Chief Executive Officer, effective immediately.
Mr. McDonald succeeds H. Craig Clark as Chief Executive Officer. Mr. Clark was appointed as President and Chief Executive Officer and as a director of Forest in July 2003.
The Board has initiated a search process for a permanent Chief Executive Officer, and has retained Spencer Stuart, a leading executive recruiting firm, to assist in the process. In connection with Spencer Stuart’s review of candidates, Mr. McDonald has asked not to be considered for a permanent role.
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Mr. McDonald succeeds H. Craig Clark as Chief Executive Officer. Mr. Clark was appointed as President and Chief Executive Officer and as a director of Forest in July 2003.
The Board has initiated a search process for a permanent Chief Executive Officer, and has retained Spencer Stuart, a leading executive recruiting firm, to assist in the process. In connection with Spencer Stuart’s review of candidates, Mr. McDonald has asked not to be considered for a permanent role.
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