A Closer Look at SandRidge Energy Inc. (SD)’s New CFO

A final item worth noting is that LeBlanc has also served as the CFO for Range Resources Corp. (NYSE:RRC) from 2000 until 2003. During that time Range is noted to have shifted its strategy from “acquire-and-exploit” to one that was more technically focused, which is a lot like what SandRidge is doing now. The company’s strategy became one that focused on low-cost, consistent growth in both production and reserves, which turned out to be a winning formula for the company.

Overall, the hiring of Eddie LeBlanc as CFO looks to be a good one for SandRidge Energy Inc. (NYSE:SD). He has decades of industry experience as a CFO with a track record of financial discipline and success. While only time will tell if SandRidge’s new leadership can turn the company around, the past successes of these men do bode well for its future.

The article A Closer Look at SandRidge’s New CFO originally appeared on Fool.com and is written by Matt DiLallo.

Fool contributor Matt DiLallo owns shares of SandRidge Energy. Matt DiLallo has the following options: Short Sep 2013 $5 Puts on SandRidge Energy. The Motley Fool recommends Range Resources.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.