Liberty Energy rises after Trump picks CEO Chris Wright as energy secretary
Updates
** Shares of oilfield services firm Liberty Energy LBRT.N rise 3.4% to $17.46
** President-elect Donald Trump said on Saturday that oil and gas industry executive Chris Wright would be his pick to lead the Department of Energy
** Wright is the founder and CEO of Liberty Energy
** He is a defender of fossil fuel use and is expected to support Trump's plan to maximize production of oil and gas
** LBRTsays it plans to appoint Ron Gusek as its CEO if current Chief Executive Chris Wright is confirmed as the U.S. Secretary of Energy
** Co says Wrightwould continue in his current positions as CEO and chair until the confirmation from the Senate occurs
** Liberty's board also intends to appoint William Kimble as its non-executive chair, co says
** Including session's move, LBRT down 4.2% YTD
Reporting by Sukriti Gupta in Bengaluru
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