Zimmerman New CEO of S. Texas Oil Company
South Texas Oil Company reported that its Board of Directors has appointed current President Scott Zimmerman as Chief Executive Officer, effective January 22, 2008. Mr. Zimmerman, who will retain his position as President, also joined South Texas Oil Company's Board of Directors at that time. Mr. Zimmerman replaces current CEO Murray Conradie who will continue in a strategic advisory capacity to ensure a smooth transition.
The Company also announced that, effective immediately, its Board of Directors has elected a new Chairman and outside director, Michael Pawelek, to replace Mr. Conradie who is resigning from the Board of Directors. Mr. Pawelek, a geophysicist, has held senior management positions throughout his 27-year career in the exploration and production and oilfield services industries. After working south Texas fields early in his career, Mr. Pawelek later served as CEO of Universal Seismic Associates, a seismic acquisition and processing company that later became publicly traded and ultimately sold. He also held the position of President at BOSS Exploration & Production Corporation, Inc. a privately held Gulf Coast production company. He currently is President of privately held San Antonio-based Sonterra Resources, Inc. which operates assets in the Texas State waters.
- South Texas Oil Co. Regains Compliance with Nasdaq Listing Requirements (Jun 23)
- South Texas Oil Co Updates on Operations, Provides Asset Overview (May 28)
- South Texas Oil Co Receives Nasdaq Staff Deficiency Letter (May 25)