Mr. Kampmann replaces David Worthington in the Chairman's role. Mr. Worthington laid out the first TGS offshore seismic program in 1980 and joined the Company in 1981. He originally joined the TGS-NOPEC Board in 1998 and has served as Chairman since June 1999. He will remain a Director on the TGS-NOPEC Board, and has pledged to hold his 500,000 TGS-NOPEC shares as long as he serves on the Board.
Concerning his new position Claus Kampmann states: "I would like to thank the shareholders for their confidence. Succeeding Dave Worthington, one of the founders of TGS and a leader in our industry, is no small task. Dave staying active on the board will help me tremendously. Also Hank Hamilton and his management team are, in my opinion, the best in our industry and I am enthusiastic to be working with them to continue steering TGS-NOPEC on a successful path."
Former Chairman David Worthington adds, "My 35-year career with Shell, TGS and TGS-NOPEC has been extremely exciting and filled with wonderful personal acquaintances. With the advance of time and broadening of my interests, it is appropriate for the Company to inject new dynamism into its leadership of the Board. I am extremely confident in our new Chairman and believe he is the right person to guide our Company."
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