Resolute Energy Corporation announced that Nicholas J. Sutton will retire as the company's Chief Executive Officer effective December 31, 2016. Resolute's Board of Directors approved a transition plan under which the company's Chief Operating Officer, Richard F. Betz, will succeed Sutton as the Company's Chief Executive Officer upon Sutton's retirement from the CEO position. Sutton will continue his service to Resolute indefinitely in the capacity of Executive Chairman of the Company's Board of Directors, remaining involved with material business and strategic matters of the Company, and will continue to maintain an office in Denver. The rest of the company's executive team will remain in their existing positions. Richard F. Betz has been Executive Vice President and Chief Operating Officer since March 2012, was Senior Vice President, Strategy and Planning of the Company from September 2009 to March 2012, and was Vice President of the Company and its predecessor and affiliated entities since the Company's formation in 2004. From September 2001 to January 2004, Mr. Betz was involved in various financial consulting activities related to the energy industry.