EXCO gets new chief executive
Former SandRidge Energy Inc. executive Matthew Grubb has been named CEO of private oil and natural gas venture EXCO/HGI GP LLC. The company was formed in February as a joint venture between Harbinger Group Inc. and EXCO Resources Inc. “We’re very excited to have a seasoned energy executive with Matt’s reputation and proven operational excellence leading our already strong team,” said Carl Giesler Jr., Harbinger’s managing director of investments. Grubb, who has 25 years of industry experience, most recently was president and chief operating officer for SandRidge. He was fired last year after the Oklahoma City-based oil producer began shuffling its leadership team after a proxy fight with one of its largest investors.