New CFO Takes Reins at TGS

TGS is pleased to announce the appointment of Kristian Johansen as the company's new Chief Financial Officer. The effective date of Mr. Johansen's employment will be announced later.

Most recently, Mr. Johansen was the Executive Vice President and CFO of EDB Business Partner in Oslo, which is one of the largest IT groups in the Nordic region. Mr. Johansen also has experience in the construction, banking, and oil industries. A native of Norway, Kristian earned his undergraduate and masters degrees in business administration from the University of New Mexico in 1998 and 1999.

In announcing the appointment, Robert Hobbs, Chief Executive Officer of TGS commented, "I am pleased to have Kristian join our executive team. He not only brings to TGS a broad range of experience but he also has a proven record for financial oversight, investor relations and treasury activities. We look forward to his contribution towards the continued success and growth of TGS."

TGS' current Chief Financial Officer, Arne Helland, will continue in his role, as previously announced, until May 1, 2010, facilitating a smooth transition.

"We thank Arne for his dedication and leadership during a period of remarkable growth for TGS," said Hobbs. "I am personally grateful for Arne's contributions to TGS and we wish him success in his future endeavors."




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