AED announced the appointment of Mr. John F. Imle, Jr. to the role of Chief Executive Officer, effective May 1, 2011. John was invited by the AED Board to take the CEO position in order to strengthen the operational and technical focus of the Executive team and manage the critical next stages of AED's significant exploration, appraisal and development programs. His immediate priorities are to augment the existing management team, direct value adding programs and attract the additional capital required for enhancing the value of the Company's assets. John will also continue in his role as a Director of the Company.
John originally joined the Board as Nations Petroleum's representative in early 2010, following AED's acquisition of Nations' assets in Indonesia (Rombebai and South Madura PSCs) and Brunei (Block L). John's appointment as CEO is concurrent with John stepping down from his role at Nations Petroleum. He has operational knowledge of AED's assets in Brunei and Indonesia and, as a petroleum engineer, brings over 40 years' experience in the oil and gas industry to the post. His career highlights include operations management and Executive-level positions at the U.S. energy company Unocal Corporation. He became Unocal's Head of Global Oil, Gas and Geothermal and then rose to the ranks of President and Vice Chairman. He served on Unocal's Board of Directors for over 10 years.
"These opportunities combine to make AED an attractive opportunity for investors and strategic partners alike. I have confidence that with appropriate funding, AED's current Asian portfolio will develop into a significant group of producing assets. This is in addition to AED's Puffin and Talbot Fields in the Timor Sea which, given higher oil prices and advancing technology, should prove commercially attractive. The operator, Sinopec, is reviewing new seismic data and will issue reports and recommendations in the near future."
AED Chairman, Mr. David Dix, welcomed John's appointment, "AED will benefit from John's extensive experience. I am excited about his appointment as he already knows the AED team and Board well and I'm confident he will work successfully with them as the Company continues to enhance its high-impact portfolio. I will assist John during a handover period (approximately three months), after which I plan to continue serving AED in the role of Non-Executive Chairman."
Most Popular Articles
From the Career Center
Jobs that may interest you