Former Apache CFO Alfonso Leon. Image courtesy of Apache.

Houston-based Apache appointed its third CFO in eight months after Alfonso Leon resigned from his position Tuesday.

Apache said Leon’s exit “is not related to any issues regarding financial disclosures, accounting or legal matters.”

Leon was tapped to be CFO on February 11, succeeding Apache senior vice president Thomas Chambers. He had worked at Apache since 2009 and served as chief of staff and senior vice president since 2012.

Executive vice president P. Anthony Lannie will serve as interim CFO while the company conducts a search to fill the position permanently.

Lannie previously served as president of Houston-based Kinder Morgan Power Company and president of Coral Energy Canada, a subsidiary of Shell Oil Company

Apache has been exiting its non-U.S. holdings in an effort to streamline its portfolio and focus on its U.S. assets.

Since 2012, Apache has sold off more than $10 billion in international assets as part of its divestment strategy including stakes in Argentina, Alberta and shallow water Gulf of Mexico projects.

The company is also planning to divest from its liquefied natural gas holdings in Australia and Canada.

“We are continuing to evaluate options for our international assets and LNG projects, including the potential separation of these assets through strategic transactions or the capital markets,” Apache CEO G. Steven Farris said.


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