8-KLeadership ChangesExhibits & Filings

EOG RESOURCES INC 8-K Report, Executive Changes (Jun 7, 2021)

Filed June 7, 2021For Securities:EOG

Summary

EOG Resources, Inc. (EOG) announced a significant leadership transition through an 8-K filing on June 7, 2021. Effective October 1, 2021, Ezra Y. Yacob will assume the role of Chief Executive Officer and join the Board of Directors. Mr. Yacob, currently President, brings extensive experience within EOG since 2005, having held key positions in exploration, production, and operations. Concurrently, Lloyd W. Helms, Jr., the current Chief Operating Officer, will be appointed President and Chief Operating Officer, also effective October 1, 2021. This move reflects a planned succession, with current CEO William R. Thomas retiring from his executive and employee roles on September 30, 2021. Mr. Thomas will transition to a non-executive Chairman of the Board role, ensuring continued guidance. These changes signal a commitment to internal talent development and a stable, experienced leadership pipeline for the company.

Key Highlights

  • 1Ezra Y. Yacob appointed Chief Executive Officer and Board member, effective October 1, 2021.
  • 2Lloyd W. Helms, Jr. appointed President and Chief Operating Officer, effective October 1, 2021.
  • 3Current CEO William R. Thomas to retire as CEO and employee on September 30, 2021.
  • 4William R. Thomas will remain as non-executive Chairman of the Board starting October 1, 2021.
  • 5Ezra Y. Yacob has been with EOG since August 2005, holding various leadership roles including President and EVP of Exploration and Production.
  • 6Lloyd W. Helms, Jr. has a long tenure with EOG (since 1981), serving as COO and EVP of Operations and Exploration & Production.
  • 7The leadership changes reflect a planned succession and continuity in management expertise.

Frequently Asked Questions

The key changes involve Ezra Y. Yacob becoming the new CEO and joining the Board, and Lloyd W. Helms, Jr. being appointed President and COO. Current CEO William R. Thomas is retiring from his executive role but will continue as non-executive Chairman.

The appointments of Mr. Yacob and Mr. Helms are effective October 1, 2021. Mr. Thomas's retirement as CEO and employee is effective September 30, 2021.

Ezra Y. Yacob, 45, has been with EOG since August 2005. He most recently served as President since January 2021 and previously held roles such as Executive Vice President of Exploration and Production, and Vice President and General Manager of the Midland office.

Yes, William R. Thomas will continue to serve as a member of the Board of Directors and will transition to the role of non-executive Chairman of the Board effective October 1, 2021.