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Magnum Appoints New Senior VP & Chief Financial Officer

Source: www.gulfoilandgas.com 7/11/2013, Location: North America

Magnum Hunter Resources Corporation announced that the Company has appointed Joseph C. Daches as Senior Vice President and Chief Financial Officer (CFO) effective July 22, 2013. Ronald Ormand, the Company's current Chief Financial Officer, will continue with the Company as Executive Vice President-Finance and assume an additional role as Head of Capital Markets.

Mr. Daches brings more than 20 years of regulatory compliance, financial reporting, technical accounting, management and oil and gas accounting experience, primarily within the energy industry. Prior to joining Magnum Hunter, Mr. Daches served as Executive Vice President and Chief Accounting Officer of Energy & Exploration Partners, Inc. since September 2012 and became a Director of that company in April 2013.

He previously served as Partner and Managing Director of the Willis Consulting Group, LLC, from January 2012 to September 2012 and from October 2003 to December 2011, Mr. Daches served as the Director of E&P Advisory Services at Sirius Solutions, LLC, where he was primarily responsible for financial reporting, technical, and oil and gas accounting and the overall management of the E&P advisory services practice. Mr. Daches earned a Bachelor of Science in Accounting from Wilkes University in Pennsylvania, and he is a CPA in good standing with the Texas State Board of Public Accountancy.

In Mr. Ormand's expanded role as Head of Capital Markets, he will focus exclusively on the Company's financial, banking and capital markets activities.

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