Houston energy co. CEO announces retirement

There will be some reshuffling in Vaalco Energy Inc. as its CEO Steve Guidry announced that he will be retiring from the position starting September 1st after the company’s CFO have resigned. According to the announcement, Guidry wishes to spend his time with his family thus his decision to retire. Vaalco Energy’s board chairman Andrew Fawthrop thanked Guidry for his service to the company as he was able to guide the industry away from the downturn they recently experienced and wished him well for his incoming retirement. While the board is locating a suitable replacement to Guidry, it will be COO Cary Bounds who will act as the company’s CEO for the time being.

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