Todd E. Grabois, age 46, was most recently Chief Financial Officer for Texas Independent Exploration LTD, from 2001 to 2006. Prior to joining Texas Independent, he was with Benz Energy, Inc. and Texstar Petroleum for 17 years, serving in various positions, including Treasurer and Secretary. Mr. Grabois has a B.S. in Accounting from the University of Delaware.
"I am very happy to announce Todd's appointment today," said Tracy W. Krohn, Chairman and Chief Executive Officer. "He brings us a wealth of industry experience and expert knowledge of financial and treasury matters. His talents will be an excellent addition to our finance department, particularly while our search for a permanent CFO remains ongoing. As the Company enters its next growth phase, we plan to continue to build on our capable team and be ready to seize the opportunities before us. As we remain focused on our goal to increase shareholder value, Mr. Grabois' expertise in treasury matters will help ensure our competitive position in the industry. I am pleased that the Board of Directors accepted my recommendation of Mr. Grabois."
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