The board of directors of Northern Oil and Gas Inc. (NYSE: NOG) has hired Michael Reger as its CEO and Nicholas O’Grady as CFO, and certain other title changes resulting in the following senior executive team.
Other title changes to the company’s senior executive team include Brandon Elliott, president and COO; Erik Romslo, executive vice president, general counsel and secretary; Chad Allen, chief accounting officer; and Adam Dirlam, executive vice president of land.
“With the completion of our recent bond exchange and equity capital raise, we have completed the restructuring of our balance sheet. I want to welcome Mike back to the company he founded, welcome Nick to the team and thank Brandon, Chad, Adam and Erik for their continued long-term commitment and exceptional leadership,” Bahram Akradi, Northern’s chairman, said.
Michael Reger has been named CEO, effective immediately. Reger was the founder of Northern Oil and Gas Inc. in 2006 and served as the company’s CEO and chairman until 2016. Reger returned to Northern as Chairman Emeritus in 2017 and was named advisor to the board in January of 2018. As Advisor to the board, Reger was instrumental in the completion of the bond exchange, equity capital raise and the largest acquisition in the company’s history, all announced in the last few months. Reger is a third generation Williston Basin landman from Billings, Montana.
Nicholas O’Grady has been named CFO, effective June 1, 2018. O’Grady has nearly two decades of finance experience, both as an investment banker and as a principal investor. O’Grady began his career in the Natural Resources investment banking group at Bank of America. Later moving to the hedge fund industry, he worked at firms such as Highbridge Capital Management. While at Highbridge, he was the lead investor in Northern’s initial marketed capital raise in 2007. Most recently he has worked at Hudson Bay Capital Management, where he focused on energy-related equities, public credit, private and direct investments.
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