On August 24, 2016, the Resolute Energy Corporation announced that Nicholas J. Sutton would retire from his position as chief executive officer of the company effective December 31, 2016. On August 24, 2016, the board of directors of the company approved a transition plan including (i) the promotion of Richard F. Betz, the executive vice president and chief operating officer of the company, to the position of chief executive officer of the company, and (ii) the appointment of Mr. Sutton, as executive chairman of the board, in each case to be effective contemporaneously with the retirement of Mr. Sutton as the company's chief executive officer. On January 1, 2017, Resolute Energy Corporation announced that Mr. Betz assumed the position of chief executive officer and Mr. Sutton assumed the position of executive chairman of the company.

In connection with the appointment of Mr. Betz as chief executive officer, the size of the board was increased to seven members and Mr. Betz was appointed to the board as a Class I director of the company effective on January 1, 2017.