On April 25, the board of directors at Lilis Energy Inc. (NASDAQ: LLEX) appointed Nuno Brandolini as its board chairman, and also appointed Robert A. Bell as the company’s president and COO.
Bell replaces Abraham Mirman as president, and the company noted that Mirman was promoted to CEO.
"Nuno's strengths in corporate finance and M&A, and industry board leadership, combined with Bob's extensive operations expertise in oil and gas exploration and development, including experience in the Wattenberg Field specifically, make this leadership transition a natural," said Mirman.
Brandolini and Bell both joined the company’s board in February, the company said, noting that Brandolini is general partner at private-equity firm Scorpion Capital Partners LP. Bell is president and CEO of Peak Operator LLC, a privately held Southern California-based heavy oil operator, the company added.
"When I joined the Lilis Energy board, I was eager to help drive towards year-over-year continuous improvement in their high-quality oil and gas asset base, and to help build and retain a high-performance team with a clear organizational direction. My mission remains unchanged and, indeed, is now heightened as I assume the reins of president and COO," said Bell.
He added, "I look forward to building on the company's well-planned horizontal E&P roadmap and to fully realizing the resource potential in its de-risked Wattenberg acreage and beyond, to the benefit of all stakeholders."
"I am honored to have been asked to chair Lilis Energy's board of directors, and I look forward to working with the leadership team to achieve its aggressive business plan as it embarks on its most ambitious E&P program, to date," said Brandolini.
Denver-based Lilis Energy explores and produces the Denver-Julesburg Basin, where it holds 125,000 gross acres.
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