Swift Energy Company 2001 Annual Report: Providing Strong LeadershipSwift has long considered the ongoing development of the Company’s leadership, professional staff, and organizational culture to be one of the top responsibilities of upper management. Management Team. Since its inception, Swift has particularly focused on the continuing development of the Company’s management. Swift’s policy has generally been to promote employees from within who have been instrumental in past successes. Consistent with Swift’s overall succession plan, in 2001 the board of directors promoted the Company’s president, Terry E. Swift, to the additional role of chief executive officer. The former CEO, A. Earl Swift, remains in his role as chairman of the board. Also during 2001, James R. Stewart, Jr., retired from his position as vice president of drilling and production. In February 2002, Gerald B. Long was promoted to the new position of vice president of production operations. Mr. Long had previously served as director of production operations at Swift. New Zealand Organization. The same disciplined approach that built the Company’s overall management team now guides the development of the Company’s staff in New Zealand. Swift carries out its activities in New Zealand through Swift Energy New Zealand Limited (SENZ), a New Zealand company incorporated on June 6, 1997. SENZ is a wholly owned subsidiary of Swift Energy International, Inc., a Texas corporation, which is in turn a wholly owned subsidiary of Swift Energy Company.
In February 2002, Alan Cunningham was appointed president and chief operating officer of SENZ. He has over 25 years of experience in the oil and gas industry and will be responsible for Swift’s day-to-day operations in New Zealand. James P. Mitchell, Swift Energy’s vice president–land and property transactions, served as interim COO for SENZ prior to Mr. Cunningham’s appointment. The former president of SENZ, Donald L. Morgan, continues to serve as SENZ chairman and CEO. In July 2001, Steven B. Yakle became SENZ’s chief financial officer and vice president–finance. Mr. Yakle had previously served as Swift’s assistant controller–compliance. With a strong management foundation, SENZ has begun to build its overall organization. Between December 31, 2000, and December 31, 2001, the number of SENZ employees increased from 1 to 16. With the closing of the TAWN acquisition in early 2002, an additional 32 employees have been added to the SENZ staff during the first two months of the year. SENZ currently has New Zealand office locations in Wellington and New Plymonth and at the Waihapa Production Station located in the TAWN Area and at the Rimu Production Station in PEP 38719.
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This page was last updated on Saturday, February 08, 2003, at 07:29:00 PM. Copyright © 1994-2009 by Swift Energy Company. |
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