Independent petroleum producer Energy
Partners., which has seen its stock price plunge amid a major
investor's call for a shake-up, says that its chief financial
officer has left the company.
In a filing with the federal Securities and Exchange Commission,
EPL said Joseph T. Leary, who also held the post of executive vice
president, informed the company on Sunday that "he would resign
The New Orleans-based company has not commented further.
Energy Partners, which focuses its drilling and producing in the
Gulf of Mexico and onshore in southern Louisiana, has seen its
stock slide precipitously over the past few months. From a 52-week
high of $16.50 recorded during booming oil prices, EPL closed
trading Wednesday at 29 cents per share.Copyright © 2014, Los Angeles Times