Continental Resources names new CEO after founder steps down

OKLAHOMA CITY (AP) — Officials with Continental Resources say that billionaire oil tycoon Harold Hamm is stepping down as chief executive of Continental Resources to serve as executive chairman. Continental board member William Berry will take over as CEO for the Oklahoma City-headquartered company at the start of next year. Hamm, the highest-paid CEO in Oklahoma in 2018, will remain a majority shareholder with about 77% of the company’s stock. Hamm in 2015 led an effort to convince Congress to lift an embargo against oil exports from the U.S. He says he plans to continue spearheading advocacy efforts in promoting American-produced oil and natural gas.