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CNOOC E.V.P. assumes role of Nexen CEO

CALGARY, Alberta -- Following a 20-year career with Nexen, Kevin Reinhart is departing from his role as CEO of Nexen Energy, a wholly-owned subsidiary of CNOOC.

Fang Zhi, E.V.P., CNOOC, is assuming the position of Nexen CEO. Zhi will bring considerable operational and technical depth to the position; detailed knowledge of CNOOC' s organization and processes; and extensive executive-level leadership experience at CNOOC.

His 30-year career with CNOOC will enable Zhi to lead Nexen to collaboratively deliver results for CNOOC. Zhi is well known to Nexen' s leadership. He has an in-depth understanding of Nexen and has been directly involved in all aspects of integration over the past year.

"I' m very pleased to accept this role," stated Zhi. "Nexen is well positioned to create significant value for CNOOC Limited; we' ve made tremendous gains on integration, our portfolio of assets is world-class, and we have an outstanding team of employees who are committed to driving our success. I' m looking forward to being a part of our organization' s bright future."

CNOOC' s strategy and priorities for Nexen, as a wholly-owned subsidiary, remain unchanged.

04/24/2014

 

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