Fred Barrett has resigned from his position of president, CEO and chairman of Bill Barrett Corp. (NYSE: BBG), the company announced.

Scot Woodall, chief operating officer, will take on the role of interim CEO while the board's search committee seeks a replacement. Woodall joined the company in 2007 and has served as chief operating officer since 2010. Prior to that, he had spent seven years with Forest Oil.

According to the release, Barrett has decided to step down from his post to pursue other ventures and spend more time with ...