Stephen Riney. Image courtesy of Apache.

Apache tapped former BP executive Stephen Riney Thursday to serve as its new CFO and executive vice president.

He is scheduled to take his post in February, Houston-based Apache said.

Riney brings over 30 years of financial and accounting experience to his new position.

“It is an honor to join Apache, a company I have long admired for its strong operational reputation and its fiscal discipline. I look forward to working with management and serving Apache’s shareholders,” Riney said.

Riney worked at BP since 1998 after the company acquired his previous employer, Amoco, and served in a number of leadership positions.

He most recently served as chief financial officer for BP exploration and production where he oversaw all accounting, business development, planning and commercial operations for the upstream segment.

“We are very excited to welcome Steve to the Apache executive team. He brings decades of experience and thoughtful leadership to Apache. His background in the upstream business complements both our operations and long-term growth objectives,” Apache CEO and president John J. Christmann IV said.

The appointment comes two days after Apache CEO Steven Farris abruptly resigned with immediate effect after leading the company for over 25 years.


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