Prospectiuni Appoints New CEO to Further Develop International Business

Prospectiuni SA has announced the appointment of Gehrig Schultz as Chief Executive Officer. In his new role, Schultz will continue to strengthen Prospectiuni's current market position with the specific task of developing further international business.

On his appointment Schultz said, "I joined the Prospectiuni team because the company is a reliable, efficient provider of high quality seismic data acquisition, processing and interpretation and has an excellent reputation. We have a great opportunity to build on this solid base to achieve Prospectiuni’s ambitious growth plans and I will be bringing together a proven team to grow the company as soon as possible."

Gehrig Schultz is an experienced oil and gas professional and has demonstrated great success in developing new businesses. He has extensive experience in market strategy, developing new markets, expansion planning and executing operations. Prior to his appointment, Schultz held the positions of Vice President (VP) for Operations in the Eastern Hemisphere and VP for Business Development at PGS Onshore. Previously, he held the position of International Marketing Manager and Managing Director for Mexico at Grant Geophysical and Managing Director for Venezuela at Western Geophysical. Schultz has a Bachelor of Science in Geophysical Engineering from the Colorado School of Mines and has worked in over 20 countries in Latin America, the Middle East, Africa, Europe and North America.

Ovidiu Tender, the representative of the main shareholder, declared that by bringing a new leadership team to Prospectiuni he expects a more active international presence. He commented, "Prospectiuni can only develop by increasing its market share abroad because the company has no competitor in Romania. This is the main reason that led us to the decision of bringing some of the most important names in this field to the Prospectiuni leadership."