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Posted 23 September, 2022

Magnolia Oil & Gas Corp appointed Christopher Stavros as new CEO

NYSE:MGY appointed new Chief Executive Officer Christopher Stavros in a 8-K filed on 23 September, 2022.


  On September 21, 2022, Magnolia Oil & Gas Company (the "Company") announced that Stephen Chazen, who had served as the Company's Chairman, President and Chief Executive Officer since 2018, was no longer able to serve in his positions due to serious health reasons, and appointed Christopher Stavros as President and Chief Executive Officer and as a director.  

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Overview of Magnolia Oil & Gas Corp
Companies on the Energy Service • Upstream Oil & Gas
Magnolia Oil & Gas Corp. engages in the acquisition, development, exploration, and production of oil and natural gas properties. It operates assets located in the Eagle Ford Shale and Austin Chalk formations in South Texas. The company was founded on February 14, 2017 and is headquartered in Houston, TX.
Market Cap
$4.75B
View Company Details
Magnolia Oil & Gas Corp by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On September 21, 2022, Magnolia Oil & Gas Company (the "Company") announced that Stephen Chazen, who had served as the Company's Chairman, President and Chief Executive Officer since 2018, was no longer able to serve in his positions due to serious health reasons, and appointed Christopher Stavros as President and Chief Executive Officer and as a director. On such date, Dan Smith, who previously served as the Company's Lead Independent Director, was appointed to serve as Chairman of the Board of Directors (the "Board"). On September 23, 2022, the Company announced that Mr. Chazen passed away and the resulting Board vacancy was removed. 

Mr. Stavros has been employed by the Company since 2018, most recently as Executive Vice President and Chief Financial Officer. Mr. Stavros will continue to serve as the Chief Financial Officer of the Company until a permanent successor is appointed. Prior to joining the Company, Mr. Stavros served as Senior Vice President and Chief Financial Officer of Occidental Petroleum Corporation. Mr. Stavros holds a BSBA degree from Boston University and an MBA from the University of Rochester. Additional information regarding Mr. Stavros' business experience is included in the Company's SEC filings and on its website.

There are no transactions between the Company and Mr. Stavros that would require disclosure under Item 404(a) of Regulation S-K. There are no understandings or arrangements between Mr. Stavros and any other person pursuant to which he was selected to serve as a director of the Board. Mr. Stavros will not receive any compensation for his service as a director.