Houston-based Cobalt International Energy has recruited a second former former BHP Billiton employee this year, with the appointment of David D. Powell as its new chief financial officer (CFO) and executive vice president.
Powell. Image from BHP Billiton.
Powell previously served as CFO for BHP Billiton – Petroleum where, from March 2009 until May 2016, he was accountable for all finance, accounting, commercial assurance, supply chain and information technology activities. Powell replaces Shannon E. Young, III. These changes are effective 8 July 2016.
Powell has over 35 years of experience in the oil and gas industry during which he held numerous leadership roles with increasing responsibilities in the US, as well as Argentina, Russia, Malaysia and Qatar. Powell holds a bachelor of science in accounting, graduating Summa Cum Laude from William Jewell College. In addition, he completed the advanced management program at the Harvard Business School and has a certified public accountant certificate from the State of Missouri.
“David is a deeply experienced oil and gas executive leader, both as a CFO and an international executive, with previous accountabilities spanning several continents where he succeeded in very challenging work environments. He has extensive experience interfacing with and working in capital markets with both equity and debt investors. I am absolutely confident David has the experience to lead the finance function during this critical time in Cobalt and am delighted he is joining Cobalt,” Timothy J. Cutt, Cobalt’s CEO said.
Powell is the second former BHP executive to join Cobalt this year. In May, the Houston-based company appointed Cutt as its CEO, who served as BHP's CEO.