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Villanova, Pa., October 18, 2016 - The Villanova School of Business (VSB) is proud to announce that Dean’s Advisory Council member Richard F. Betz ’84 VSB will become CEO of Resolute Energy Corporation with the upcoming retirement of current CEO Nicholas Sutton in December. Betz has served on the executive management team of Resolute Energy since its inception in 2004 and is currently serving as the Executive Vice President and Chief Operating Officer. In his position, Betz has led the development of the company’s Permian Basin business unit into the primary growth engine for Resolute Energy.
“The entire VSB community could not be more proud of Rick as he embarks on his new role as CEO of Resolute Energy,” said Joyce E. A. Russell, PhD, The Helen and William O'Toole Dean of VSB. “We are lucky to have him serve on our advisory council to share his business acumen and expertise, and we wish him all the best.”
“It is an exciting time in the oil and gas industry and I look forward to the challenges I will face in my new role. I am grateful for the strong foundation provided by my Villanova education. As an alumni, parent and active supporter of the University, I value my continuing interaction with the school and the network I have developed among the many successful graduates of Villanova School of Business,” said Betz.
Retiring CEO Nicholas Sutton praised Betz for his dedicated leadership, operational knowledge, and deep financial understanding of the company. Betz has served as Executive Vice President and Chief Operating Officer since March 2012, and has held vice president positions since the company’s formation in 2004.
Betz received a B.S. in Finance from Villanova University and an MBA from the Wharton School at the University of Pennsylvania.
The Villanova School of Business (VSB) undergraduate program is ranked #1 in the nation by Bloomberg Businessweek and has been at the forefront of business education since it was founded in 1922. Serving over 2,500 undergraduate and graduate students, VSB is home to six Centers or Institutes of Excellence (the Daniel M. DiLella Center for Real Estate, the Center for Business Analytics, the Center for Global Leadership, the Center for Marketing & Consumer Insights, the Center for Church Management & Business Ethics and the Innovation, Creativity, and Entrepreneurship (ICE) Institute) with each center and institute designed to foster innovative, cross-disciplinary research and teaching opportunities for business faculty. VSB is known for academic rigor; creativity and innovation; hands-on and service learning opportunities; a firm grounding in ethics; and an applied education that prepares students to become outstanding leaders and global citizens within the ever-changing, complex, and fast-paced world of business. For more, visit business.villanova.edu.