Evolution Petroleum Corp. recently named Ryan Stash as successor to the company’s CFO and long-serving executive, David Joe, who has elected to retire by year-end, according to a Nov. 4 company release.
Joe joined the predecessor of Evolution as controller in February 2005 and was named CFO in January 2016. Evolution is a Houston-based oil company focused on using conventional technology to develop reserves within known resources. The company’s largest assets is our interests in a CO₂-EOR project in Louisiana’s Delhi Field and interests in a secondary recovery project in Wyoming’s Hamilton Dome Field.
In a statement thanking Joe for his 15 years with Evolution, the company’s chairman and co-founder, Robert Herlin, said: “David was one of the first employees of Evolution and has been instrumental in our growth from little more than an idea backed by $2.5 million of equity to a publicly traded company with nine consecutive years of net income and seven consecutive years of cash dividend payments to shareholders totaling over $70 million. He provided a stable hand during multiple industry downturns and corporate challenges as well as through our rapid growth. The board of directors, and I in particular, thank him for his 15 years of service and wish him well in his retirement.”
Stash’s appointment as Evolution CFO will take effect Nov. 18. He comes to Evolution from Harvest Oil & Gas Corp. where he has served as vice president and CFO since October 2018. Harvest, a Houston-based independent E&P and former affiliate of EnerVest Ltd., is currently in the process of winding up its assets.
Prior to joining Harvest, he served as a managing director at Regions Securities focused on the energy sector. Prior to that, he spent 11 years in the energy investment banking group for Wells Fargo Securities in Houston rising to the level of director. Previously, he was an auditor for Hewlett-Packard and Ernst & Young LLP.
Stash is a Certified Public Accountant in the State of Texas and received an MBA from the McCombs School of Business, a Masters in Professional Accounting and a Bachelor of Business Administration, from the University of Texas at Austin.
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