Approach Resources Promotes Sergei Krylov to Chief Executive Officer
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Approach Resources’ Sergei Krylov, who has served as the company’s executive vice president and chief financial officer, has been appointed chief executive officer. Krylov succeeds J. Ross Craft, who has resigned from his role as the company’s chairman and chief executive officer.
In addition, Jim Crain has been appointed chairman of the board. Crain has served as a director since June 2007, and also serves as chairman of the Nominating and Corporate Governance Committee.
The company remains in discussions with Qingming Yang, the company’s president and chief operating officer regarding his departure. Upon Yang’s departure, Troy Hoefer, the company’s senior vice president of engineering, who has served the company since June 2013, will assume management of the company’s production and drilling operations.
About Approach Resources
Approach Resources Inc. is an independent energy company focused on the exploration, development, production, and acquisition of unconventional oil and gas reserves in the Midland Basin of the greater Permian Basin in West Texas.
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