Geokinetics Shuffles Management
Geokinetics announced the appointment of Gottfred Langseth and Anthony Tripodo to its Board of Directors. Messrs. Langseth and Tripodo were appointed to the Board of Directors pursuant to the terms of the previously announced purchase agreement whereby Geokinetics acquired the onshore seismic data acquisition business of Petroleum Geo-Services ASA, including the multi-client data library relating to such business.
Mr. Langseth currently serves as the Executive Vice President and Chief Financial Officer of PGS, having joined PGS in November 2003 and having been named to those positions in January 2004. Mr. Tripodo has served as the Executive Vice President and Chief Financial Officer of Helix Energy Solutions Group since June 2008.
"The addition of Mr. Langseth and Mr. Tripodo to our Board of Directors adds a new dimension to our management which can only serve to assist in solidifying our position as the clear leader in the onshore seismic data acquisition business," said Richard F. Miles, President and Chief Executive Officer of Geokinetics. "The addition of Mr. Langseth will also serve to foster a strong and healthy relationship between us and Petroleum Geo-Services ASA, one of our prominent stockholders."
Messrs. Langseth and Tripodo will serve as directors for a term expiring at Geokinetics' next annual meeting of stockholders, at which time it is expected that they will be nominated for election to a full term on the Board of Directors, or until their successors are elected and qualified.
Geokinetics also announced Mark A. Hess, Vice President and Chief Accounting Officer, is leaving the Company to pursue other opportunities, effective immediately. The company has initiated a search for his replacement. In the interim, Scott McCurdy, our Vice President and Chief Financial Officer, will act as our Chief Accounting Officer.
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