Continental Resources says founder Hamm to step down as CEO
- Legendary U.S. oilman Harold Hamm, who once called the Organization of the Petroleum Exporting Countries a “toothless tiger,” will step down as chief executive of Continental Resources and become its executive chairman, the company said on Wednesday.
Hamm will be replaced as CEO by William Berry, a former ConocoPhillips executive and Continental board member, as of Jan. 1. Jack Stark will remain as president and also become chief operating officer. Hamm, who owns 77% of Continental, said in a statement on Wednesday that his “long history of buying, not selling” shares “will not change.”“He was a small producer just like the rest of us. But Harold just had a passion to find big oilfields,” said Mike Cantrell, an Oklahoma oil and gas producer who has known Hamm for 30 years. “He’s had a tremendous impact on American energy.
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