Richard J. Carty is the former President and CEO of Civitas Resources, where he served from November 2014 until June 2017. He has a strong background in finance, holding a Bachelor’s degree in Economics from the University of Waterloo. Before...
Richard J. Carty is the former President and CEO of Civitas Resources, where he served from November 2014 until June 2017. He has a strong background in finance, holding a Bachelor’s degree in Economics from the University of Waterloo. Before leading Civitas, Richard was involved in various high-profile roles in finance, including being a Managing Director at Morgan Stanley. He also worked as the President of West Face Capital, a significant investment firm. During his time at Civitas, he made a notable mark by guiding the company during its recovery phase post-bankruptcy, where he granted significant stock awards as incentives tied to company performance. Richard had a distinctive approach to his job, aligning his success with the company's success through performance-based bonuses. Understandably, he was known for pushing the envelope on performance metrics. Interestingly, Carty left Civitas on amicable terms, without any disagreements, indicating a professional relationship with the board. He also received notable compensation packages during his tenure, which reflected both his performance and his pivotal role in the company's turnaround strategy. After his departure, Richard's legacy in the company is seen through its subsequent growth and robust strategies developed during his leadership.