"We are privileged to have John join our board," said T. Murray Wilson, Executive Chairman of Oilsands Quest. "In addition to his exceptional experience with Colt, which includes major oil sands projects, John has been a director of the Alberta Chamber of Resources and the Bi-Provincial Upgrader. His knowledge and experience with large-scale in-situ projects will be extremely beneficial to Oilsands Quest."
A graduate of the University of Saskatchewan with a Bachelor of Science in Mechanical Engineering in 1970, Mr. Read began his career in the oil and gas industry with Shell Canada and then Texaco Exploration Canada. In 1974, he joined Colt Engineering Ltd., a private, start-up engineering organization where he held engineering and management positions. In 1983 he became president and chief executive officer of the organization. He was chief executive officer from 1999 until his retirement in early 2006. During this time, Colt grew to over 4,000 employees and had offices in Calgary, Edmonton, Toronto, Sarnia and Anchorage, Alaska. Mr. Read remained as a partner and director of The Colt Companies until March 2007, when Worley Parsons Limited, a worldwide engineering and project management organization acquired Colt.
At the present time, Mr. Read is a member of the World Presidents' Organization and the Association of Professional Engineers, Geologists and Geophysicists of Alberta. He also serves as a director on several boards.
The appointment of Mr. Read to Oilsands Quest's board brings the number of independent directors to five of the eight board members. Mr. Read is appointed as a Class A director; his initial term expires in 2009.
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