Camber Energy Names New Interim CEO

Camber Energy disclosed early Monday it appointed Richard Azar II as interim CEO and Robert Schleizer as interim CFO as it implements a cost-cutting program to “significantly” reduce overall general and administrative expenses. The interim CEO appointment follows the resignation of former chief Anthony Schnur, the company said in a statement.

The firm “continues to progress its plan to comply with lender obligations and return to positive cash flow,” according to a statement. “Camber Energy intends to effect meaningful change to improve its financial performance and enhance its liquidity and capital resources.” Camber added Schleizer has more than 30 years of financial and operational experience serving private and public companies in financial and organizational structuring, crisis management, acquisitions and divestitures across multiple industries.

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