Rosehill Resources CEO Alan Townsend To Retire

Rosehill Resources Inc. (NASDAQ: ROSE) said May 2 that President and CEO J.A. (Alan) Townsend plans to retire following more than 45 years working in the oil and gas industry.

Townsend, who has been with the company and its predecessor Tema Oil and Gas Co. for about 16 years, will remain with Rosehill while the company searches for his replacement. He will also provide consulting services for an additional two months following his retirement to further assist the transition of his duties, the release said.

“I am proud of Rosehill’s achievements during the last year and equally proud of the many years of hard work our team put in as Tema Oil and Gas prior to the business combination that made the last year possible,” Townsend said in a statement. “We set and achieved ambitious goals in 2017, and 2018 is off to a great start. However, after 45 years in the oil and gas industry, the time is right for me to transition away from my full-time professional responsibilities.”