Boston, MA 10/10/2014 (wallstreetpr) – According to reports, EXCO Resources Inc (NYSE:XCO) has finally decided to update the status about CEO search. It announced recently that search for new Chief Financial Officer was still going on. There are a lot of industry leaders and senior management employees that XCO is in touch with, but it has not yet found the ideal candidate who can lead the company and take it to newer heights.
Insights of the matter:
There is very high probability that EXCO Resources Inc (NYSE:XCO) may look forward to acquiring any gas and oil property, which partly or fully led by a person who could fit the bills in regard with its CEO’s position. Although there are a lot of candidates in touch with the company, but it has not made the final selection as of now. There is no minimum timeline associated with this event; hence, it will announce the name of the candidate as soon as it finds someone suitable for CEO’s role.
EXCO Resources Inc (NYSE:XCO) is one of the largest natural gas and oil exploration firm, which is also involved in various other functions like acquisitions, exploitations, production and development of gas and oil etc. It runs its operations from Texas, Appalachia and Louisiana region. XCO has been one of the market leaders for a very long time now. It is mainly known for offering top notched services and products to clients that are spread across the nation. Reporters tried to get in touch with the senior management of the company in order to know final names of shortlisted candidates, but they were denied. Management announced that as soon as the final candidate would be chosen, a public notice would be released. EXCO Resources Inc (NYSE:XCO) had performed at par during the most recent quarter and is quite hopeful about the selection of new CEO in order to perform up to investors’ expectations in the future.