Geokinetics announced that Jim White, the Company's Executive Vice President - Business Development & Technology will resign from the Company effective February 15, 2010, to pursue other interests. In the interim, Mr. White will continue to serve in his role as Executive Vice President assisting the Company with certain initiatives. Mr. White's previous responsibilities, which included managing business development, marketing and technology, have been reassigned to other executives.
Richard Miles, the Company's President and Chief Executive Officer said, "We appreciate the contributions Jim has made to Geokinetics over the past several years, helping to grow the Company into a worldwide leader in land seismic data acquisition and processing, and we wish him well in his future endeavors. In addition, we will continue to fully support Jim in his role as Chairman of the International Association of Geophysical Contractors (IAGC), the trade association and a leading advocate for our industry. Looking forward, we remain committed to strengthening our seismic data processing and interpretation capabilities and technology to further increase the value we provide to our customers and appreciate the foundation that Jim has helped establish in this area."
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