MDN told you yesterday our theory of why WPX Energy CEO Ralph Hill was booted–due to investor meddling from the company’s second largest investor Taconic Capital Advisors (see CEO Shake-up Explained: Taconic Capital Jerking WPX’s Chain). Something we didn’t know was that Ralph Hill was also CEO of another company–Apco Oil & Gas International. Apco is the international arm of WPX (drilling in non-U.S. countries). The two companies share most of the same management and the same board of directors.
Yesterday Apco issued a press release saying Hill was booted from their company too…
