Dejour has appointed Stephen R. Mut as Special Assistant to the Dejour CEO/COO. Mr. Mut will provide expertise for key financing and asset strategies targeting the Company's Piceance Basin projects. This assignment is to be completed prior to the next Annual General Meeting (AGM) scheduled for Q4- 2009.
Mr. Mut most recently served as chief executive officer of a unit of Shell Exploration and Production Company. Prior to joining Shell in 2000, Mr. Mut dedicated much of his career to operational and new business venture activities in the oil and gas, refining and marketing, and chemical and mining sectors at ARCO (Atlantic Richfield Company), where he served in various internationally based executive roles in both upstream and downstream businesses. His global expertise has contributed to industry successes in Europe, South America, the Asia Pacific and the United States. In January 2009, Mr. Mut accepted appointment as a Company director to be effective June 2009 and is expected to join the board following the AGM.
"Mr. Mut's industry experience and leadership compliments Dejour's in house expertise to seize and realize the opportunity in the Piceance Basin. We look forward to his strong skill set assisting us to realize the value that exists in our premium projects," stated Robert L. Hodgkinson.
In other corporate matters, Charles Dove, P. Geoph., has agreed to resign from the board of the directors. With this change, the majority of the board of directors remains independent, in compliance with NYSE:Amex rules and National Instrument 58-201 Corporate Governance Guidelines. Mr. Dove remains active in his role as President, Dejour Alberta, managing the Company's continuing exploration efforts.
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