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8-K - FORM 8-K - PostRock Energy Corp | h82911e8vk.htm |
Exhibit 99.1
PostRock To Select New President
OKLAHOMA
CITY June 10, 2011 PostRock Energy Corporation (NASDAQ: PSTR) announced today
that David C. Lawler has resigned from his position as the Companys President and Chief Executive
Officer effective July 15th. He will be leaving to join SandRidge Energy Inc. as
Executive Vice President of Operations. At the Boards request, Mr. Lawler has agreed to remain
CEO until he departs. Duke R. Ligon, the Chairman of PostRocks Board, and Thomas J. Edelman,
White Deers Managing Partner responsible for the Funds investment in PostRock, will lead the
Board committee charged with identifying and recruiting the new CEO.
Commenting, Mr. Ligon said: David made an invaluable contribution to PostRock in the course of his
four years with the Company. He played the key role in resolving the numerous challenges inherited
from prior management. Just as importantly, he has helped position the Company to pursue a
strategy of consistent growth and profitability from this point forward. While we are sorry to
lose David, he simply received an offer we could not prudently match. The Board joins me in
thanking David for his devoted service and in wishing him the greatest possible success.
Company Contacts:
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Jack Collins
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North Whipple | |
Chief Financial Officer
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Manager, Corporate Development & Investor Relations | |
(405) 702-7460
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(405) 702-7423 |