Callon Petroleum has appointed Kevin Haggard as its new CFO. He replaces Jim Ulm, who announced in March that would be retiring. Mr. Ulm will continue in an advisory role to assist with the CFO transition.
The company is an E&P company focused on the Permian and Eagle Ford Basins and it has its head office in the Westchase area of Houston. The company currently has a market capitalization of $1.9 billion. However, it has debt of $3 billion, so its stock price is very sensitive to the price of oil.
Between 2016 and October 2020, Mr. Haggard was the VP and Treasurer of Noble Energy. At that point, Noble was acquired by Chevron. Prior to Noble, he held senior financial roles at other E&P companies. He started his career as an investment banker with Credit Suisse.
Mr. Haggard will receive a base salary of $450,000.
As an aside, Correne Loeffler, who was VP, Finance and Treasurer at Callon between April 2017 and July 2019, was recently appointed the CFO at The Howard Hughes Corporation.