Kodiak has appointed William J. Krysiak to serve as a member of the Company's Board. Mr. Krysiak will Chair the Audit Committee and sit on the Nomination and Compensation Committee. Mr. Krysiak's appointment is effective immediately and now brings the number of outside, independent Directors to three of the five-member Board. As a result of this appointment, Kodiak has regained compliance with all board and committee composition requirements for listing on the NYSE Amex.
With over 17 years of experience as a corporate officer responsible for accounting and financial matters and strong public company experience in the oil and gas industry, including 13 years as the principal financial and accounting officer of Western Gas Resources, Mr. Krysiak brings substantial financial reporting, compliance, capital markets and oil and gas transactional experience to Kodiak's Board of Directors.
He currently serves as the CFO of Southwest Generation Operating Compan. Prior to his current position, from September 2007 to July 2009, he was the CFO of Aspect Holdings. Prior to Aspect, he served in various financial-oriented management and officer positions at Western Gas Resources.
He earned his BS in business administration with a major in accounting from Colorado State University in 1982 and is a Certified Public Accountant.
"We are pleased that Mr. Krysiak has agreed to join Kodiak's Board of Directors," said James E. Catlin, Kodiak's Chairman of the Board and chief operating officer. "His broad depth of relevant public company financial and transactional experience for a rapid-growth company such as Western Gas is particularly well-suited to Kodiak and its own plans for growth. On behalf of the Board, I would like to welcome him as a new member of the Board and we look forward to working with him on behalf of our shareholders."
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