(RTTNews) - Nexen (NXY) eased in pre-market trading, after naming a new CFO.

The stock was down 46 cents just after 9:25 am ET, slumping to $14.00. If pre-market losses hold, the stock will open at its lowest level in a week.

Nexen said Thursday that it appointed Kevin Reinhart as Senior Vice President and Chief Financial Officer, effective January 1, 2009. Kevin will succeed Marvin Romanow, who will become President and Chief Executive Officer, following the retirement of Charlie Fischer at the end of this year.

Kevin, who joined Nexen in 1994, has held the roles of Controller, Treasurer and most recently, Senior Vice President, Corporate Planning and Business Development. In these roles, Kevin has made a significant contribution to the development of Nexen's corporate strategies, capital investment programs, reserves and exploration processes, and acquisition and disposition activities. He has also been instrumental in building strong financial position and in providing risk management oversight.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2008 RealTimeTraders.com, Inc. All Rights Reserved