Shale pioneer Mark Papa to retire as Centennial Resource's CEO, chairman

(Reuters) – Centennial Resource Development Inc (O:) said on Monday shale pioneer and Chief Executive Officer Mark Papa would retire at the end of May.

Papa, who is the chairman of Centennial as well as Schlumberger (N:), had built independent energy producer EOG Resources Inc (N:) into one of the most profitable U.S. shale companies.

Centennial named Sean Smith as CEO and Steven Shapiro as non-executive chairman, separating the two roles.

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