Feb 20 Oil and natural gas producer Whiting
Petroleum Corp said on Thursday it has changed its
bylaws to allow former Chief Executive D. Sherwin Artus to run
for re-election to the board of directors beyond the age of 75.
Artus, who joined Whiting in 1989 and was its CEO from 2000
to 2006, turned 76 in April of 2013 and would have been
ineligible to stand for re-election at the company's annual
meeting this May under the previous bylaws.
Whiting's seven-person board voted on Thursday to waive that
requirement for Artus, allowing him to run for one more
three-year term, the company said in a regulatory filing.
The bylaw change only applies to Artus.
Shares of Whiting rose 2 percent to $62.95 in Thursday
afternoon trading. The stock has gained nearly 29 percent in the
past 52 weeks.