Pioneer Natural Resources Announces that Richard P. Dealy Commences Role as Chief Executive Officer
02 Janeiro 2024 - 10:30AM
Business Wire
Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer"
or "the Company") today announced that Richard ("Rich") P. Dealy
has commenced his new role as Chief Executive Officer (CEO) and
Scott D. Sheffield has transitioned to the non-executive role of
Special Advisor to the CEO, both effective January 1, 2024. As
previously announced, Dealy succeeds Mr. Sheffield, who retired as
CEO on December 31, 2023. Sheffield and Dealy will both continue to
serve on the Pioneer Board of Directors (Board).
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Richard P. Dealy. (Photo: Pioneer Natural
Resources)
Dealy, previously the Company’s President and Chief Operating
Officer (COO), brings more than 30 years of industry experience in
roles spanning nearly all operations and business functions at
Pioneer and its predecessor company. Dealy has been pivotal to
securing Pioneer’s leading operational and financial position.
During his tenure with the Company, Pioneer built one of the
strongest investment grade balance sheets in the industry, became
the largest oil producer in the State of Texas, had six consecutive
years of operational efficiency improvements and successfully
integrated the acquisitions of Parsley Energy and Double Point
Energy.
Dealy said, "I am honored to step into the role of CEO and lead
our more than 2,000 talented employees who continue to deliver on
our strategy with unmatched operational excellence and
integrity."
Sheffield commented, "Rich is a disciplined, focused and
enthusiastic leader. He has been a major reason for our success,
and the Company could not be in better hands."
About Richard P. Dealy:
Dealy has served as the President and COO of Pioneer Natural
Resources since January 2021. In April 2023, Pioneer’s Board named
Dealy as the company’s next CEO, effective January 1, 2024.
Previously, he had served as Executive Vice President and Chief
Financial Officer from November 2004 through December 2020. Dealy
has held leadership positions throughout Pioneer during his more
than 30 years of tenure, including as a director of the general
partner of Pioneer Southwest Energy Partners, a publicly traded
Master Limited Partnership, from 2007 until its acquisition by the
Company in 2013. He is a member of the Board of Directors of the
American Exploration & Production Council (AXPC) and Compass
Minerals International. Dealy graduated with honors from Eastern
New Mexico University with a Bachelor of Business Administration in
Accounting and Finance.
About Pioneer
Pioneer is a large independent oil and gas exploration and
production company, headquartered in Dallas, Texas, with operations
in the United States. For more information, visit www.pxd.com.
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Investors Greg Wright - 972-969-1770 Chris Leypoldt -
972-969-5834 Trevor Long - 972-598-8579
Media and Public Affairs media@pxd.com
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