Split, Sale May Help Penn West (PWE) Regain Recent Losses

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Penn West (PWE) Names Marathon's (MRO) David Roberts as CEO

June 5, 2013 6:24 AM EDT

Penn West Petroleum Ltd. (NYSE: PWE) announced today that Murray Nunns, President and Chief Executive Officer, has informed the Board of Directors of his intention to retire from Penn West effective July 1, 2013 after serving the Company for more than 8 years.

David Roberts, former Executive Vice President and Chief Operating Officer of Marathon Oil Corporation (NYSE: MRO), has agreed to terms of employment and will begin his new role as President and Chief Executive Officer commencing June 19, 2013. Dave brings more than 30 years of operational... More