Magnum Energy announced that President and CEO Richard Nemeth submitted his resignation to the board of directors to address chronic health issues. Nemeth will continue as the CEO over next two months to assist in the transition to the new president, Bob Stinn.
Stinn brings over 30 years of industry experience covering a broad spectrum of roles, from president and CEO of a private oil and gas junior to vice president of operations and senior production engineering positions. Stinn has been a consultant to Magnum Energy on a part time basis as the Company’s operations engineer for over five years and has an intimate knowledge of the Company’s properties, wells and facilities.