DALLAS--(BUSINESS WIRE)--EXCO Resources, Inc. (NYSE:XCO.BC) announced the resignation of Stephen J. Toy from the Company’s Board of Directors, effective as of October 6, 2017. Mr. Toy originally joined the Board in March 2017.
At the time of his resignation, Mr. Toy was a member of each of the Audit Committee, Compensation Committee and Nominating and Corporate Governance Committee of the Board. The resignation of Mr. Toy was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Following Mr. Toy’s resignation, the Company will continue to have the required number of independent directors on its Board committees, as well as a majority of independent directors, each as required by New York Stock Exchange listing standards.
EXCO Resources, Inc. is an oil and natural gas exploration, exploitation, acquisition, development and production company headquartered in Dallas, Texas with principal operations in Texas, North Louisiana and the Appalachia region. EXCO’s headquarters are located at 12377 Merit Drive, Suite 1700, Dallas, TX 75251.