In connection with Mr. Laufer's retirement, incentive plan awards made to him under the Company's Long-term Incentive Plan will vest, resulting in a pre-tax charge to earnings in the fourth quarter of 2007 estimated to be approximately $1.9 million.
Bois d'Arc also announced that Gary W. Blackie, 58, currently a Director and President of the Company, will assume the additional responsibilities of Chief Executive Officer following Mr. Laufer's retirement.
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