GeoGlobal announced that on July 27, 2010 our Board of Directors approved a restructuring of the executive team leading our Company.
The Board of Directors has accepted the resignation, effective August 17, 2010, of Mr. Jean Paul Roy as President and CEO and appointed Mr. Paul B. Miller to serve as his replacement. Mr. Roy has considerable knowledge and experience of the geographic areas where we hold oil and gas interests, and on that basis he will serve as a consultant to our Company by providing ongoing insight on technical and operational issues. He will also remain as a Director of the Company. Also effective August 17, 2010, Mr. Allan J. Kent will assume new responsibilities as Vice President of Finance and Mr. Sunil Karkera whom is currently our Corporate Controller has been promoted to serve as the new CFO.
"These planned changes allow us to place resources where they can contribute the most value as we expand into new jurisdictions and continue to grow the Company and we are pleased to have an individual of Mr. Miller's caliber take on the senior role with GeoGlobal" said Mr. Peter R. Smith, Chairman of the Board of GeoGlobal. "Both Mr. Roy and Mr. Kent have made significant contributions to GeoGlobal and will continue to do so for the foreseeable future. I would like to take this opportunity to thank and acknowledge both of them for their contributions to GeoGlobal and recognize that they have been instrumental in the growth of our operations to date."
"I am taking on a new role with GeoGlobal recognizing that Mr. Miller is the right choice to lead us in our next phase of growth" said Mr. Jean Paul Roy. "Mr. Karkera's solid financial, regulatory and public company background and specific experience with GeoGlobal will enable a seamless transition into his expanded role. Both Mr. Miller and Mr. Karkera are extremely capable individuals and I look forward to working closely with them both and watching the Company benefit from their expertise and strategic insight. I believe our company has a strong, dynamic management team in place that will support a growing portfolio of assets".
Mr. Miller joined the Company on March 1, 2010 as Executive Officer. He is a professional engineer licensed in Ontario and Alberta and has a depth of experience working in the oil and gas industry all over the world. Mr. Miller started his career in Alberta working for Talisman Energy before moving on to Matrikon, where he was employed in various management capacities from 2000 to 2010. During his ten year tenure with Matrikon, he headed up business units in Australia, Eastern North America, and the Middle East prior to returning to Alberta. Mr. Miller holds a Bachelor of Science degree in Chemical Engineering from the University of Alberta and is a graduate from the Kellogg-Schulich Executive MBA program.
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