David Klvac became CFO of 1845 Oil Field Services, the company said June 26. He replaced James Kennedy, who became CFO in March 2014. Kennedy will continue as a member of AVC Partners, handling M&A opportunities for 1845 and leading financings, the company added.

Klvac has almost 20 years’ of accounting and finance experience for the E&P, oilfield services and power industry sectors.

Most recently, Klvac was CFO for two oilfield service companies. Previously, he was CFO, chief accounting officer and treasurer for PostRock Energy Corp. and its predecessors. He also was vice president and corporate controller of Tronox Inc., and assistant corporate controller of Smithfield Foods Inc.

Klvac holds a bachelor's degree from the University of St. Thomas in Houston.

“David joins our team at an important time. His background, experience and expertise will be invaluable as we work to move our business forward while meeting the challenges of the current shale marketplace,” said 1845’s CEO, Dave Lamolinara.

1845 Oil Field Services is based in Weatherford, TX. It is an investment of AVC Partners.