RE:A take-under?here's where our profits went.
I guess the lesson here is don't invest in companies were insiders have a low or non-existant ownership in the company, which was the case in TOL.
bye all and GL with your investments
In connection with the completion of the arrangement, the following changes were made to the current management positions of the company: Russell Tripp, retired from his position as president and chief executive officer and was appointed as chairman of the board; Andrew Wiacek, formerly the vice-president, exploration, of the company, was appointed as president of TriOil; Shaun Wyzykoski, formerly the vice-president, engineering, of the company, was appointed as chief operating officer; Keith Mychaluk, formerly the exploration manager, was appointed as vice-president, exploration; and Bruce Cawston, formerly the engineering manager, was appointed as vice-president, engineering. Cheryne Lowe continues as vice-president, finance, and chief financial officer, and Craig Haavardsrud continues as vice-president, business development and land. In addition, Wieslaw Prugar, president of Orlen Upstream, was appointed as CEO and a director of TriOil, and Bohdan Bartoszewicz, the CFO of Orlen Upstream, was appointed as senior vice-president, finance.