SandRidge Energy announced that the board has named James Bennett CEO and president and that lead independent director Jeffrey Serota will serve as interim non-executive chairman, effective June 19. SandRidge also announced that Tom Ward, the former chairman and CEO of SandRidge, is leaving the company. Bennett has served as CFO of SandRidge since January 2011. Bennett replaces Ward, who founded the company in 2006 and has served as chairman and CEO of the company since it was founded. The Board's decision to replace Ward reflects its judgment that, despite Ward's many contributions to SandRidge, new leadership is in the best interests of the company and its shareholders at this time.