People: Pioneer Natural Resources Co (PXD.N)
25 Jul 2016
Mr. Scott Douglas Sheffield has been appointed as Executive Chairman of the Board of the Company, effective December 31, 2016. He is no-longer Chief Executive Officer effective December 31, 2016. Mr. Sheffield has held the position of Chief Executive Officer (“CEO”) for the Company since August 1997 and assumed the position of Chairman of the Board of Directors (“Chairman”) for the Company in August 1999. He was President of the Company from August 1997 to November 2004. Mr. Sheffield also served as Chief Executive Officer and director from June 2007, and as Chairman of the Board from May 2008, of the general partner of Pioneer Southwest through the Company’s acquisition of Pioneer Southwest in December 2013. Mr. Sheffield was the Chairman of the Board of Directors and Chief Executive Officer of Parker & Parsley from January 1989 until the Company was formed in August 1997. Mr. Sheffield joined Parker & Parsley as a petroleum engineer in 1979, was promoted to Vice President - Engineering in September 1981, was elected President and a Director in April 1985, and became Parker & Parsley’s Chairman of the Board and Chief Executive Officer in January 1989. Before joining Parker & Parsley, Mr. Sheffield was employed as a production and reservoir engineer for Amoco Production Company. Mr. Sheffield also serves as a director of Santos Limited, an Australian exploration and production company. Mr. Sheffield is a distinguished graduate of the University of Texas with a Bachelor of Science degree in Petroleum Engineering. The Board believes that Mr. Sheffield is qualified to serve on the Board based on his experience and education, as summarized above, and particularly, his role as CEO of the Company, his educational background and work experience in petroleum engineering, his deep knowledge of the Company resulting from his long tenure with the Company and its predecessor, and his extensive knowledge of the energy industry.
|Total Annual Compensation, USD||2,405,700|
|Restricted Stock Awards, USD||10,565,600|
|Long-Term Incentive Plans, USD||--|
|All Other, USD||151,184|
|Fiscal Year Total, USD||13,122,400|