Business
PetroSun, Inc. Announces Appointment of Dr. R. G. Bailey as Chief Executive Officer
PetroSun, Inc. Announces Appointment of Dr. R. G. Bailey as Chief Executive Officer.
About this update from Petrosun, Inc.
[{"type":"text","content":"Current Chairman & CEO Gordon M. LeBlanc, Jr., will continue to serve as ChairmanPetroSun, Inc. also announces adoption of amended bylawsPHOENIX, AZ / ACCESSWIRE / May 31, 2022 / PetroSun, Inc. (OTC PINK:PSUD) ("PetroSun" or the "Company") announced today that Dr. R. Gerald Bailey, who has served as a Director on the Company's Board since 2017, has agreed to join the Company as its Chief Executive Officer effective June 1. The Company also announced its adoption of amended and restated bylaws.Gordon LeBlanc, Jr., who has served as the Company's Chairman, Chief Executive Officer and President since the founding of the Company in 2001 and who is responsible for assembling the Company's helium, oil and gas assets and other projects, will continue as Chairman. In that role, he will oversee the workings of the PetroSun Board and will guide the Company's strategic development.Regarding the appointment of Dr. Bailey, Mr. LeBlanc stated, "I have spent more than twenty years developing PetroSun's core helium, oil and gas properties and opportunities. Today's commodity markets provide an unprecedented opportunity for the Company, and I believe this is the right time for someone of Dr. Bailey's experience to supervise PetroSun's operations and exploration and development activity. I look forward to remaining engaged in the development of the Company's strategy in my role as Chairman."In response to his appointment, Dr. Bailey commented that, "I am pleased to accept this opportunity as CEO to lead the execution of the Company's business plan, and particularly the exploration and development of its core helium, oil and gas assets. I believe that de-risking these assets will drive value for PetroSun shareholders. These commodities and their reserves are strategically important for the U.S. economy and particularly for U.S. national security and energy independence."Dr. Bailey has had a long and successful career in the energy industry, including service as Exxon's President of the Arabian Gulf region, where he supervised exploration and development activity in the Middle East and ultimately retired. Dr. Bailey has domestic and international experience in all aspects of the industry, both upstream and downstream. He has served on a number of industry boards and in executive management positions and i...