Noble Energy Inc., one of the biggest players in the Marcellus Shale, will start its yearlong management transition beginning Tuesday.
That's the day that David L. Stover, Noble's president and chief operating officer, will be elected to the board of directors following Noble's annual meeting. Stover is then scheduled to be named CEO in October 2014, Noble's board said.
Chairman/CEO Charles D. Davidson will be retiring on May 15, 2015. He'll stay as chairman until the 2015 annual meeting and then retire from both the chairmanship and the board.