APA Corporation (APA, Financial) has announced the appointment of Ben C. Rodgers as the new executive vice president and chief financial officer, effective May 12, 2025. This strategic move comes as part of the company's ongoing efforts to strengthen its leadership team. Stephen J. Riney, who currently holds the dual role of president and chief financial officer, will continue to serve as the company's president.
Mr. Rodgers, aged 45, brings a wealth of experience to his new role, having served as APA's senior vice president of Finance and Treasurer since April 2024. His extensive background includes leadership positions such as senior vice president, Treasurer, Midstream and Marketing, and vice president and Treasurer. Additionally, Mr. Rodgers has served on the board of Khalda Petroleum Company, a joint venture of one of APA's subsidiaries, and held significant roles at Altus Midstream Company and Kinetik Holdings Inc.
In recognition of his new responsibilities, the MD&C Committee has approved an annual base salary of $625,000 for Mr. Rodgers, effective from the date of his appointment. He will also have a target annual incentive compensation opportunity of 100% of his base salary and a target long-term incentive compensation opportunity of 350% starting January 1, 2026.
Mr. Rodgers has no family ties with any director or executive officer of APA Corporation and is not involved in any related person transactions with the company. His appointment is based solely on his qualifications and experience, with no external arrangements influencing his selection.
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