leadership
confidence high
sentiment positive
materiality 0.80
Amplify Energy names Dan Furbee CEO; to divest East Texas & Oklahoma assets
Amplify Energy Corp.
- Martyn Willsher steps down as CEO and director; becomes Special Advisor through Dec 31, 2025.
- Dan Furbee (former COO) appointed CEO and Board member; base salary $453,880, target bonus 90%.
- Jim Frew promoted to President and CFO; base salary $430,990, target bonus 90%.
- Engaged TenOaks to explore sale of East Texas & Oklahoma assets to reduce debt and focus on Beta/Bairoil.
- Beta C-08 well currently drilling; production expected in August 2025.
item 5.02item 7.01item 9.01