WASHINGTON (dpa-AFX) - EOG Resources Inc. (EOG) announced that William Thomas has been promoted to President and Gary Thomas has been promoted to Chief Operating Officer, effective immediately. The company said that Bill Thomas and Gary Thomas will continue to report to Mark Papa, Chairman and Chief Executive Officer until June 2013, when Papa will retire and be succeeded by Bill Thomas.
Formerly Senior Executive Vice President, Exploration, Bill Thomas has 32 years of service, including the management of EOG's Corpus Christi, Midland and Fort Worth areas of operations. He joined the headquarters executive management team in February 2011.
Gary Thomas, formerly Senior Executive Vice President, Operations, has been an EOG employee for 33 years. Since 1998, he has held responsibility for managing EOG's overall drilling, production and engineering activities.
In a separate press release, EOG Resources said that its board has declared a dividend of $0.16 per share on EOG's Common Stock, payable October 31, 2011, to stockholders of record as of October 17, 2011. The indicated annual rate is $0.64.
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