HOUSTON, July 01, 2019 (GLOBE NEWSWIRE) -- Penn Virginia Corporation (NASDAQ:PVAC) today announced that Steven A. Hartman, Senior Vice President, Chief Financial Officer and Treasurer, will be stepping down from his role. Mr. Hartman will continue as CFO until a successor is appointed and will assist in a smooth transition. The Company is initiating a comprehensive search to identify a permanent CFO.

“On behalf of the entire Board and management team, I want to thank Steve for his dedication to Penn Virginia and financial leadership over his years of service,” said John A. Brooks, President and Chief Executive Officer of Penn Virginia. “Steve has made significant contributions to the continued success of the Company during his role as CFO, including by guiding the Company through its restructuring and establishing its post-emergence financing and leaves the Company well-positioned to execute on its strategy. We are grateful that he has agreed to stay on until the Company identifies a successor and wish him all the best in the future.”

Mr. Hartman’s departure is not related to any financial performance, policy, or control issues or any disagreements on accounting or financial reporting matters.

About Penn Virginia Corporation

Penn Virginia Corporation is a pure-play independent oil and gas company engaged in the development and production of oil, NGLs and natural gas, with operations in the Eagle Ford shale in south Texas. For more information, please visit our website at www.pennvirginia.com. The information on the Company’s website is not part of this release.