Cimarex Energy Co. says that its Chief Financial Officer, Paul Korus, has informed management and the Board of Directors of his plans to retire on or before September 1, 2015. Mr. Korus stated, 'I have thoroughly enjoyed my time working with the exceptional people at Cimarex. I take great pride in our accomplishments and I look forward to following the company as a shareholder.' Thomas E. Jorden, Chief Executive Officer and Chairman, said, 'Paul has been an instrumental leader at Cimarex during a period of tremendous growth that ultimately led to Cimarex becoming an investment grade company. Paul's hard work and integrity leave us well positioned to execute on our strategic plan. We wish Paul and his family well in his retirement.'
Cimarex also announced the appointment of Mark Burford as its Chief Financial Officer effective as of Mr. Korus' retirement. Mr. Burford joined Cimarex in 2005 and is currently serving as Vice President of Capital Markets and Planning. Thomas E. Jorden, went on to say, 'We are fortunate to have Mark ready to step into the role of Chief Financial Officer. He and Paul have worked together for over 10 years guiding the company's finances. Mark's succession will ensure a seamless transition of the Chief Financial Officer position.'