Lucas Energy announced that the Board of Directors has elected Fred Hofheinz as Chairman of the Board of Directors.
Fred Hofheinz is the former mayor of Houston, a well known business man from Texas, and experienced in both oil and gas and real estate investments. Mayor Hofheinz has served on the board of directors of both public and private oil and gas companies in the past. He was elected to the Board of Directors of Lucas Energy, Inc. by the shareholders in November 2008. Mayor Hofheinz and his father, Judge Roy Hofheinz, were instrumental in the building of the AstroDome in Houston, Texas as well as being politicians, world businessmen, and philanthropists. In the late 1960's, the Hofheinz family, in partnership with the Irvin Feld Family, bought Ringling Bros. and Barnum and Bailey Circus from John Ringling North and his brother, and modernized it to Twentieth Century standards.
Mr. William A. Sawyer, President and CEO of Lucas Energy, said "We are pleased to have this new leadership to the Board of Directors at this time. Management looks forward to working with the new Chairman to move Lucas Energy, Inc. forward."
In other news, Chairman of the Board, former President, and co-founder James J. Cerna resigned as Chairman of the Board of Directors and a member of the Board in order to accept board positions at two Northern California green energy companies. Mr. Cerna will remain on the Board as the lead advisory director and is still a major shareholder of the Company. William Sawyer stated: "Jim Cerna was the most instrumental of all people in the founding, development, and growth of Lucas Energy, Inc. He is, in fact, the best partner I have ever had in the more than thirty-five years I have been in the oil business."
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