Pacific Exploration's Arata retires as president 2015-08-26 07:22 ET - News Release
Mr. Ronald Pantin reports
PACIFIC EXPLORATION & PRODUCTION ANNOUNCES THE RETIREMENT OF JOSACOPYRIGHT FRANCISCO ARATA AND APPOINTMENT OF MA SUPERSCRIPT THREENICA DE GREIFF TO THE BOARD OF DIRECTORS
Jose Francisco Arata has retired as president and director of Pacific Exploration & Production Corp. effective immediately.
Ronald Pantin, Chief Executive Officer of the Company, commented: "On behalf of the Company and the Board of Directors, I would like to extend our heartfelt thanks to Jose Francisco, who throughout the history of the Company has been a key member of management and one of its driving forces. We will surely miss his contributions and service to the Company and truly wish him all the best in his future endeavours."
Mr. Ronald Pantin will be taking over the responsibilities of President in addition to his present responsibilities as Chief Executive Officer.
Miguel Rodriguez, Lead Independent Director of the Company, commented: "Jose Francisco played an instrumental role in the emergence of Pacific as the leading independent exploration and production company in Latin America. I would like to thank him for his leadership in growing the business and wish him continued success."
The Company is pleased to announce the appointment of Ms. Monica De Greiff as an independent director to the Board of Directors effective immediately and subject to applicable regulatory approvals. Ms. De Greiff is an attorney specializing in administrative law and has more than twenty years of experience. She is currently the president of the Bogota Chamber of Commerce and her past experience includes being President of Grupo Energia de Bogota (Energy Group of Bogota) and Vice-President, Legal and Public Affairs of Shell Colombia. Ms. De Greiff has also had a distinguished political career in Colombia, having served as Minister of Mines and Energy and later serving as Minister of Justice.
"We would like to welcome Monica to the Board of Directors and look forward to benefiting from her vision and experience. We look forward to the new perspective she brings to the Company," said Serafino Iacono, Co-Chairman of the Company.
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