Gulfport Energy CEO John Reinhart Steps Down Effective Immediately
Gulfport Energy announced that CEO John Reinhart has stepped down effective immediately, with the company forming an interim leadership team while it searches for a new chief executive.
(P&GJ) — Gulfport Energy Corp. announced that President and Chief Executive Officer John Reinhart has stepped down from his role and resigned from the company’s board of directors, effective immediately.
The company said its board has established an Office of the Chairman to oversee leadership responsibilities while it conducts a search for a permanent chief executive.
The temporary leadership group will be led by Timothy J. Cutt, chairman of the board and Gulfport’s former chief executive from May 2021 to January 2023. Other members of the office include Michael Hodges, executive vice president and chief financial officer; Matthew Rucker, executive vice president and chief operating officer; and Patrick Craine, executive vice president and chief legal and administrative officer.
The board has retained an executive search firm to identify candidates for the CEO position.
“On behalf of our Board and employees, I would like to thank John for his service to Gulfport,” said Timothy J. Cutt, Chairman of the Board of Directors. “Going forward, Gulfport’s 2026 development plan, outlook and strategy remain unchanged. We have an experienced, deep leadership team in place covering our key disciplines who remain committed to responsibly developing our assets, further expanding operating margins, enhancing efficiencies and generating durable free cash flow to return capital to shareholders. I look forward to reporting back when we have selected a new Chief Executive Officer who will continue building upon our success.”
Gulfport Energy is an independent natural gas-weighted exploration and production company with operations focused in the Appalachia and Anadarko basins. The company’s primary assets include acreage in eastern Ohio targeting the Utica and Marcellus formations and properties in central Oklahoma targeting the SCOOP Woodford and SCOOP Springer formations.