The Wall Street Journal: SandRidge Energy ousts CEO, CFO amid pressure from investors

SandRidge Energy Inc. said Thursday that Chief Executive James Bennett and Chief Financial Officer Julian Bott will leave the company as part of a shakeup amid investor pressure.

The announcement comes a day after the oil-and-gas producer said it was reviewing an unsolicited merger bid from Midstates Petroleum Co. MPO, -1.76%

SandRidge SD, -3.59% Chairman John V. Genova, in a statement Thursday, credited Bennett and Bott for guiding the company through a difficult time that drove the company into bankruptcy but said that the changes were needed given the company’s “new strategic direction, discussions with large shareholders and ”robust deliberation” among the independent members of the board.

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