Approach Resources Founder, Other Key Execs Resign From Fort Worth Energy Firm

A Fort Worth energy company says it expects to shave 19% off its corporate payroll this year with a management shakeup that led to three top executives exiting.Executives departing Approach Resources Inc. include CEO and chairman J. Ross Craft, the company's founder and leader since 2002. He's being replaced by chief financial officer Sergei Krylov, 41, who'll fill both the CEO and CFO roles.Craft will be paid $1.8 million as a consultant for six months to ease the transition to Krylov, according to a regulatory filing Thursday.  Continue reading...

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