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Valeura Announces Executive Changes
Valeura Announces Executive Changes Canada NewsWire CALGARY, Oct.19, 2017 ...
About this update from Valeura Energy Inc.
[{"type":"text","content":"\n\n\n\nValeura Announces Executive 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\n\nCanada NewsWire\nCALGARY, Oct.19, 2017\n\n\n\nCALGARY, Oct.19, 2017 /CNW/ - Valeura Energy Inc. (\"Valeura\" or the \"Corporation\") (TSX: VLE) Chairman of the board of directors, Bill Fanagan, announced today that Co-founder, President and Chief Executive Officer, Jim McFarland, will be retiring as an executive of the Corporation effective December 31, 2017. After his retirement, Mr. McFarland will continue to serve as a director of Valeura and will provide ongoing support to the Corporation under a consulting services agreement. Mr. McFarland expects to stand for re-election to the board of directors at the next annual general meeting of shareholders in May 2018. In line with the Corporation's CEO succession plan, Sean Guest, Valeura's Chief Operating Officer, will assume the additional role of President effective immediately and become President and CEO upon Mr. McFarland's retirement. Mr. McFarland will remain as CEO in the interim period to year-end 2017.\n\n\n \n \n\n \nSean Guest joined Valeura in May 2017 as Chief Operating Officer and brings more than 25 years of experience in the oil and gas industry, all international, including 15 years in senior and executive leadership roles. His early 12-year career with Shell included assignments in the Netherlands, Australia and Malaysia. He subsequently joined Woodside Energy, where he managed the company's exploration program in Libya from 2005 to 2009, followed by management of the exploration and new business functions in Australia. More recently, he was CEO of two private, junior international companies with exploration and production operations in Australia, Indonesia, Malaysia and Ethiopia. \n\nSince joining Valeura, Sean has divided his time between Turkey and Calgary. He has had the opportunity to develop an in-depth understanding of the Corporation's operations, and the associated challenges and opportunities. This has positioned him well to take on the leadership of Valeura in the years ahead.\n\nValeura will continue...