OilVoice - LINN Energy Announces Leadership Succession Plan

LINN Energy Announces Leadership Succession Plan

Wednesday, June 10, 2009

LINN Energy, LLC announces that Mark E. Ellis will become President and Chief Executive Officer, effective January 2010. Mr. Ellis currently holds the position of President and Chief Operating Officer. Michael C. Linn, currently Chairman and Chief Executive Officer, will become Executive Chairman of the Board of Directors and remain an officer of the Company.

"I am proud of the growth and success the employees of LINN Energy have achieved, since I founded the Company in 2003," said Mr. Linn. "I plan to remain very involved with the strategic direction of the Company in my role as Executive Chairman, and I am pleased to turn over the responsibilities of Chief Executive Officer to Mark Ellis. Mark has played a key role in the Company's success over the past few years. His strong leadership qualities and business acumen have been instrumental in assembling the leadership team, skilled workforce and long-life assets that have enabled the Company to grow and deliver strong performance."

Mr. Ellis has more than 30 years of experience in the natural gas and oil industry. He joined LINN Energy in December 2006 as Executive Vice President and Chief Operating Officer and was promoted to President and Chief Operating Officer in December 2007. Prior to joining LINN Energy, Mr. Ellis spent more than 20 years in senior leadership roles at Burlington Resources and ConocoPhillips.

"I was drawn to the Company by the strategic business model implemented under Mike Linn's leadership, when LINN Energy became the first publicly traded upstream E&P limited liability company," said Mr. Ellis. "I was also excited about the opportunity to build a high-performance organization to drive the growth that Mike envisioned, and I look forward to partnering with him to continue leading LINN Energy down the path of success that he began."

This transition will enable Mr. Linn to focus on the long-term strategy of the Company and Board leadership, while serving as the liaison between the Board and senior management. He will also continue to focus on community outreach and industry leadership.

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