PENN WEST PETROLEUM LTD. announced a leadership transition effective immediately.  David Dyck, Chief Financial Officer ("CFO"), and Gregg Gegunde, Senior Vice President of Exploitation, Production and Delivery, will be departing the Company.  Mr. Dyck has served in his current role for nearly three years, and Mr. Gegunde has served Penn West for over 18 years in a variety of leadership roles. The company announced that David Hendry, Penn West's Vice President of Finance for the last two years, will assume the position of CFO. Mr. Hendry is a Chartered Accountant, and brings over 25 years of finance experience, most recently as finance Vice President at Talisman Energy Inc. where he also served overseas for nine years in the Norway and U.K. North Sea offices.