Parsley Energy Inc. recently reorganized its management structure, which has executive officer, senior vice president and vice president tiers, and appointed three vice presidents and one new executive officer.

"Parsley Energy has grown substantially since our initial public offering in 2014, and updating our management structure will facilitate ongoing growth and enable us to recognize, retain, and attract high-caliber employees who will continue to deliver compelling value for our stockholders,” Parsley Chairman and CEO Bryan Sheffield.

In the new system, the company has four executive officers, one of whom -- Matt Gallagher -- is newly promoted.

"I would like to acknowledge Matt Gallagher's promotion to president and chief operating officer," Sheffield said. "Matt has earned this recognition through his superior leadership as COO, and Parsley will surely benefit from his increased responsibilities as president."

There also are four senior vice presidents and six vice presidents, three of whom are new appointments. 

"I am delighted to announce the promotions of Mark Brown to vice president for Security and Risk Management; Kristin McClure to vice president for Human Resources, and Mark Timmons to for vice president for Field Operations,” Sheffield said. “Each of these individuals has demonstrated tremendous leadership in managing their respective departments, and each will play an integral role in the company's future achievements."