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Madalena Energy Inc. announces executive and board changes
Madalena Energy Inc. announces executive and board changes Madalena Energy Inc. an...
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[{"type":"text","content":"\n\n\n\nMadalena Energy Inc. announces executive and board changes\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nMadalena Energy Inc. announces executive and board changes\nCanada NewsWire\nCALGARY, March 24, 2016\n\n\n\nCALGARY, March 24, 2016 /CNW/ - Madalena Energy Inc. (\"Madalena\" or the \"Company\") (TSXV: MVN and OTCQX: MDLNF) announces the departure of Kevin Shaw as President and Chief Executive Officer of the Company. The Madalena board of directors (the \"Board\") thanks Mr. Shaw for his contributions to the Company and wishes him success in the future. \n\nSteven Sharpe, Chairman of the Board, has been appointed Interim President and Chief Executive Officer and will direct the ultimate search for a permanent CEO. \n\nMadalena is pleased to announce the appointment of Eric Mark to the Board effective immediately. \n\nMr. Mark, an independent director, is currently a Managing Director at Batuta Capital Advisors (\"Batuta\"), a merchant bank targeting middle market and special situation opportunities in both the public and private markets. Batuta specializes in turnarounds, bankruptcies and distressed opportunities across the capital structure. Prior to joining Batuta, Mr. Mark was a Senior Analyst/Junior Portfolio Manager at BTG Pactual (\"BTG\"), a Brazilian investment bank, co-managing a $2 billion portfolio of distressed, high yield and special situation equities.  During such time, Mr. Mark led official and ad hoc restructuring committees and advised BTG investment bankers in the restructuring of several South American companies, including OGX, SMU and Nextel International. Mr. Mark is experienced in investment analysis (credit and equity) in the energy, metals & mining, general industrials and telecommunications sectors across North America, South America and Europe.\n\nMr. Mark received a BA in economics and French literature and an MA in economics from Indiana University in 1990 and 1993, respectively, and during such time Mr. Mark completed PhD course-work in mathematical economics, international economics and development economics. In 1...