Amplify Energy Announces Appointment of Chief Financial Officer

Rhea-AI Summary

On April 17, 2023, Amplify Energy Corp. (NYSE: AMPY) announced the appointment of James Frew as Senior Vice President and Chief Financial Officer. Frew brings extensive experience from the oil and gas sector, having previously served at Sentinel Petroleum and Riviera Resources, among others. President and CEO Martyn Willsher expressed confidence in Frew's ability to enhance shareholder value through his financial expertise. Amplify Energy is focused on the acquisition and production of oil and natural gas, with operations primarily in the U.S. regions including Oklahoma and offshore Southern California.

Positive

• James Frew's extensive oil and gas experience may enhance financial management.
• Frew's appointment could provide fresh perspectives and strategies for shareholder value.

Negative

• Concerns may arise regarding continuity during the transition to a new CFO.
• Potential experience gaps could affect short-term financial strategy execution.

HOUSTON, April 17, 2023 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) today announced that James (“Jim”) Frew has joined the Company as Senior Vice President and Chief Financial Officer.

Martyn Willsher, President and Chief Executive Officer, commented, “I have known and respected Jim as an industry leader for a number of years, and I am excited to welcome him to the Amplify team. Jim’s extensive oil and gas experience and depth of financial expertise will be a great asset to our organization and will enable us to deliver additional value to our shareholders.”

Prior to joining Amplify, Mr. Frew was a partner at Sentinel Petroleum from March 2022 to April 2023.  Previously, Mr. Frew served as Executive Vice President and Chief Financial Officer of Riviera Resources, Inc. from August 2018 to October 2020, and as Linn Energy’s Vice President of Marketing and Midstream from May 2014 to August 2018 and Director of Business Development, Strategy and Planning from May 2011 to May 2014.  From August 2002 to May 2011, Mr. Frew held several roles in the Natural Resources division of the J.M. Huber Corporation.  Mr. Frew started his career as a management consultant at the Parthenon Group. Mr. Frew holds a Bachelor of Arts in Economics and Political Science from Williams College.

About Amplify Energy

Amplify Energy Corp. is an independent oil and natural gas company engaged in the acquisition, development, exploitation and production of oil and natural gas properties. Amplify’s operations are focused in Oklahoma, the Rockies (Bairoil), federal waters offshore Southern California (Beta), East Texas / North Louisiana, and the Eagle Ford (Non-op). For more information, visit www.amplifyenergy.com.

Investor Relations Contacts

Martyn Willsher – President and Chief Executive Officer
(832) 219-9047
martyn.willsher@amplifyenergy.com

Michael Jordan – Director, Finance and Treasurer
(832) 219-9051
michael.jordan@amplifyenergy.com

FAQ

Who is the new CFO of Amplify Energy Corp. as of April 2023?

James Frew has been appointed as the new Senior Vice President and Chief Financial Officer of Amplify Energy Corp.

What is James Frew's previous experience before joining Amplify Energy?

Before joining Amplify, Frew was a partner at Sentinel Petroleum and held senior roles at Riviera Resources and Linn Energy.

What is the potential impact of James Frew's appointment on Amplify Energy's operations?

Frew's extensive industry experience could strengthen financial strategies and potentially enhance shareholder value.