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Penn West Exploration says three executives leave amid changes

Penn West Exploration announces that effective immediately it is further streamlining and focusing its management structure. Moving forward, the business will have a focus on production delivery led by Gregg Gegunde, Senior Vice President, Production and asset value enhancement led by Mark Fitzgerald, Senior Vice President, Development. The remaining members of the executive officer team will continue to be Todd Takeyasu, Executive Vice President and CFO, and Keith Luft, General Counsel and Senior Vice President, Corporate Services. Three members of the executive team will be leaving the company: Dave Middleton, Executive Vice President, Operations Engineering and Managing Director, Peace River Oil Partnership, Bob Shepherd, Senior Vice President, Enhanced Oil Recovery and Cordova Joint Venture, and Rob Wollmann, Senior Vice President, Exploration.