Wednesday April 8, 12:36 pm Eastern Time
Company Press Release
Pioneer Natural Resources Company Chairman Jon Brumley to Alter
Terms of Employment
DALLAS--(BUSINESS WIRE)--April 8, 1998--Pioneer Natural Resources Company (''Pioneer'') (NYSE:PXD - news;
TSE:PXD - news) announced today that, effective May 15, 1998, Chairman Jon Brumley will be retiring from his day-to-day
duties as an officer of the company and become an outside director. He will continue to serve as Chairman of the Board and as
a member of the Board's Executive Committee. Brumley will receive the same compensation received by the other outside
directors.
Brumley said, ''Since the merger of Mesa and Parker & Parsley, Pioneer has accomplished a tremendous amount, including the
acquisition of Chauvco Resources and numerous other high growth potential reinvestment opportunities. Scott Sheffield and the
entire management team are functioning smoothly, and this change allows me a little time to shift gears. I am proud of this group
and the wealth of opportunities that we have created.''
Sheffield, President and CEO, said, ''With the recent announcement of Pioneer's 1998 strategic initiatives, Jon requested the
flexibility to continue in a non-executive capacity. This change will give him the opportunity to pursue other entrepreneurial
endeavors.''
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