Samson O&G announced that its Chairman, Mr. Neil MacLachlan, intends to retire from the Board of Directors effective June 30th, 2011. Mr. MacLachlan has served on Samson's Board of Directors since June 18th, 1998, and was elected Chairman of the Board on December 19th, 2007.
Upon Mr. MacLachlan's departure, Dr. Victor Rudenno will assume the position of Chairman. The Board has already initiated a process to identify candidates to serve on an expanded Samson Board. That process, which is already at an advanced stage, is focusing on individuals with skills and experience that will supplement those of the existing Board members. The Board is also keen to obtain a complement of U.S. residents on the Board in order to geographically represent Samson's increased U.S. shareholder base.
On behalf of the Samson Board of Directors, Terence Barr, Managing Director, stated, "The entire Samson Board is grateful for Neil's thirteen years of service to Samson and its shareholders. During his tenure on the Board, Neil participated in a period of tremendous growth for the Company, which growth he supported with his intelligence, diligence, wisdom and leadership. The Board extends its best wishes to Neil in his future endeavors and its most sincere thanks for his dedication to the Company and its shareholders over so many years."
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