Lucas Energy announced that the Board of Directors has elected Don L. Sytsma, CPA to Treasurer and Chief Financial Officer (CFO) of the corporation effective April 14, 2009.
Prior to Mr. Sytsma's appointment as CFO, he provided accounting and financial reporting support services to Lucas Energy over the past few months. Mr. Sytsma has over twenty-five years of experience in the domestic and international energy industries, and has held positions in publicly-owned and privately-held companies in financial, accounting and auditing roles. Since 1995, Mr. Sytsma has been providing business advisory, consulting and audit services to domestic and international energy industry clients. Mr. Sytsma graduated with highest distinction from Indiana University with a degree in Accounting and is a Certified Public Accountant.
Mr. William A. Sawyer, President and CEO of Lucas Energy, said, "Don is a welcome addition to the corporate structure and his services have been critical to the corporation over these past months. He provides Lucas Energy and its Board of Directors the opportunity to kick off our new fiscal year with improved financial reporting capabilities and allows us to continue to strengthen the company's internal controls."
Mr. Sytsma replaces Mr. Malek Bohsali as CFO of Lucas Energy. Mr. Bohsali was appointed Corporate Secretary of Lucas Energy in January 2009, and he will continue to serve in that capacity. Mr. Sawyer praised Mr. Bohsali's services to the corporation and said, "Malek has served Lucas Energy exceptionally well and was instrumental to the company's ramp up for compliance with Sarbanes Oxley requirements and in streamlining the administrative functions of the company."
In other news, during the April 14, 2009 Board of Directors meeting, the Board accepted the resignation of Mr. Rick Schmid as a director of the corporation. Mr. Schmid is a well known geophysicist in Houston, Texas, and as a director of the corporation has contributed his experience in the industry and his respected opinions to the Board during his tenure with the corporation since it became public. Mr. Sawyer commented, "The Board will miss Rick and his ideas for the corporation in the future. Rick leads a busy schedule as a consulting geophysicist in the exploration area of the industry."
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