Pedevco Announces Leadership Change: CEO Steps Down
Pedevco (PED) announced that J. Douglas Schick has stepped down as President and CEO, with R.T. Dukes taking over the role on an interim basis effective immediately. The company did not provide a reason for the leadership change. Schick will no longer serve in his previous roles at Pedevco, while Dukes transitions from COO to interim CEO. This move may signal internal restructuring or strategic shifts within the company as it navigates its current business environment. The announcement comes without additional context regarding Schick's departure and does not indicate any immediate financial distress for the firm.
Tickers: $PED