InfraStrata announced the appointment of William Colvin (aged 52) as a non-executive Director of the Company, effective February 1, 2011. With effect from the same date, Mark Abbott steps down from his role as non-executive Director after three years of valuable service to the Board. Mark has been a non-executive Director of the Company since its demerger from Egdon Resources in January 2008.
William has wide experience in the oil and gas, and healthcare sectors in senior management and board positions of large corporations. He was Finance Director of British-Borneo Oil & Gas Plc from 1992 to 1999. From 1990 to 1992, William was Finance Manager/Director at Oryx UK Energy. From 1984 to 1989, he worked in a variety of financial roles for Atlantic Richfield (ARCO) Inc. He qualified as a Scottish Chartered Accountant in 1982 and holds a Bachelor of Commerce degree from the University of Edinburgh. William is currently a non-executive Director of Energy XXI, the independent oil & natural gas exploration and production company.
Ken Ratcliff, the Chairman of InfraStrata said, "Bill Colvin joins us on 1 February and we look forward to benefitting from the wealth of experience that he brings to our Board. Bill's background in international exploration, energy services and innovative financial funding structures will be of particular interest to the Board as we move forward into 2011 and we anticipate that his experience in the strategic development of major energy projects will be put to good effect."
"On behalf of the Board I would like to offer my thanks to Mark for a job well done over the past three years during which time his contribution has been consistently informative and constructive. Mark believes that now is the time for him to concentrate on Egdon Resources and we wish him every success in the future."
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