Expert says energy sector in need of new breed of executives

Reuters reports that a Houston-based leadership consultant is saying the energy sector will need a "new breed" of executive who innovates in real-time to effectively navigate through the crude oil price collapse and the industry transformation that is expected to follow. The oil price crash represents for some "a great chance to seize on the crisis and turn it into an opportunity," Les Csorba, a partner with Heidrick & Struggles, told Reuters. He said that as baby-boomer oil executives near retirement, their replacements need to abandon the notion that production growth should be pursued at any cost, a mentality that dominated the sector before drilling for oil and natural gas took off in North America's shale formations. For more, read the full story.