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BRIEF-California Resources Corp Announces Functional Realignment And Streamlining Of Leadership Team

BY Reuters
— 4:49 PM ET 01/21/2021

Jan 21 (Reuters) - California Resources Corp (CRC):

* CALIFORNIA RESOURCES CORPORATION ANNOUNCES FUNCTIONAL REALIGNMENT AND STREAMLINING OF LEADERSHIP TEAM

* CALIFORNIA RESOURCES CORP (CRC) - IS REDUCING SIZE OF ITS LEADERSHIP TEAM AND REALIGNING SEVERAL FUNCTIONS AS IT FOCUSES ON EFFICIENCY AND COST REDUCTIONS

* CALIFORNIA RESOURCES CORP (CRC) - ELIMINATING LEADERSHIP POSITIONS IN AREAS OF PUBLIC AFFAIRS, EXPLORATION AND DEVELOPMENT, INVESTOR RELATIONS AND FINANCE

* CALIFORNIA RESOURCES (CRC) - ORGANIZATIONAL CHANGES, WHEN FULLY IMPLEMENTED, EXPECTED TO REDUCE CO'S RUN RATE COSTS BY APPROXIMATELY $8 MILLION PER YEAR

* CALIFORNIA RESOURCES CORP (CRC) - ORGANIZATIONAL CHANGES, WHEN FULLY IMPLEMENTED, ARE EXPECTED TO RESULT IN ONE-TIME CHARGES OF APPROXIMATELY $5 MILLION Source text for Eikon: Further company coverage:

Copyright © Reuters 2008. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

More CRC News

  • BRIEF-California Prices Private Offering Of $600 Million Of Senior Unsecured Notes
    Reuters - 6:07 PM ET 01/14/2021
  • California Resources Corporation Announces Pricing of Private Offering of $600 Million of Senior Unsecured Notes
    Business Wire - 5:54 PM ET 01/14/2021
  • BRIEF-California Resources Corporation Announces Private Offering Of $600 Mln Of Senior Unsecured Notes
    Reuters - 10:25 AM ET 01/13/2021
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