Business
Athabasca Oil Corporation Announces Board of Directors Appointments and Executive Promotion
CALGARY , Jan. 7, 2015 /CNW/ -   Athabasca Oil Corporation (TSX: ATH) ("Athabasca" o...
About this update from Athabasca Oil Corporation
[{"type":"text","content":"\n\nCALGARY, Jan. 7, 2015 /CNW/ - Athabasca Oil Corporation (TSX: ATH) (\"Athabasca\" or \"the Company\") is pleased to announce the appointment of Carlos Fierro and Paul Haggis to its Board of Directors (\"Board\").  The Board has also promoted Rob Broen, the Company's current Chief Operating Officer, to the position of President and Chief Operating Officer.  Tom Buchanan continues as Athabasca's Chief Executive Officer.\n\nMr. Fierro is a former investment banker and attorney based in Washington, DC.  He has over 25 years of experience in the natural resources sector, including exploration and production, midstream, refining and marketing, oilfield services and mining.  Mr. Fierro has significant transactional experience with a focus on mergers and acquisitions, joint ventures, corporate restructurings and equity and debt financings. From 2008-2013, he was a Managing Director and the Global Head of the Natural Resources Group for Barclays PLC.  Prior to that he spent 11 years at Lehman Brothers, where his last role was as the Global Head of the Natural Resources Group.  Before joining Lehman Brothers, Mr. Fierro was a transactional lawyer with Baker Botts L.L.P., where he practiced corporate, M&A and securities law.  Mr. Fierro is currently a director of Shell Midstream Partners, L.P. and Sendero Midstream Partners, a portfolio company of Energy Capital Partners.  He holds a B.A. from the University of Notre Dame and a J.D. from Harvard University.\n\nMr. Haggis has a wealth of experience in the institutional investment industry as the former CEO of Ontario Municipal Employees Retirement System (OMERS) and former President and CEO of Alberta Treasury Branches.  He currently sits on the boards of CP Rail Limited (held the Chairman role from 2012-2014), Advantage Oil and Gas Ltd., UBC Investment Management Trust and is the Chairman of Alberta Enterprise Corporation (a private Alberta Crown Corporation).  Mr. Haggis is also an advisor to the board of Insurance Corporation of British Columbia (ICBC) and was the former Chair of ICBC's Investment Committee.  Mr. Haggis graduated from the University of Western Ontario and is certified as a Chartered Director through McMaster University.\n\n\"Back in November we committed to undertaking a board renewal process and with th...