Nexen Energy (wholly-owned subsidiary of CNOOC Ltd.) CEO, Kevin Reinhart (pictured) has announced his plans to retire after 20 years with the company. CNOOC Ltd. executive vice president, Fang Zhi will succeed Reinhart in this position.
Zhi’s 30-year career with CNOOC Ltd. will enable him to lead Nexen to collaboratively deliver results for CNOOC Ltd. Zhi has been directly involved in all aspects of integration with the two companies over the past year.
"I'm very pleased to accept this role,” Zhi said. "Nexen is well positioned to create significant value for CNOOC Limited; we've made tremendous gains on integration, our portfolio of assets is world-class, and we have an outstanding team of employees who are committed to driving our success. I'm looking forward to being a part of our organization's bright future."
CNOOC Ltd.'s strategy and priorities for Nexen as a wholly-owned subsidiary remain unchanged.
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