Gulf Oil and Gas accountACCOUNT

WesternZagros Appoints New Director

Source: www.gulfoilandgas.com 12/15/2016, Location: North America

Share |
WesternZagros Resources Ltd. announces that Jonathan Oestreich has been appointed to Western Zagros's Board of Directors as an independent director effective immediately. Mr. Oestreich has also been appointed to the Board's Audit Committee and the Health, Safety, Environment, and Security Committee. In conjunction with this appointment, 500,000 options have been granted to Mr. Oestreich on December 14, 2016 with an exercise price of $0.10.

Mr. Oestreich is a Senior Advisor at Caswell Investments, LLC, where he focuses on investments in energy, infrastructure, financial services and technology.

Mr. Oestreich served as Senior Vice President and Principal in the corporate finance and mergers and acquisitions business of Brown Brothers Harriman & Co. from 2005 through 2014. During this time he led the firm's advisory efforts in oil and gas, industrial technology, and financial services. From 2000 to 2005, Mr. Oestreich was a corporate attorney with Ropes & Gray LLP in New York, working in mergers and acquisitions and securities law.

He is considered an expert on valuation, financial accounting and disclosure, funding strategies and capital markets, capital structure design, cost of capital analysis and credit quality. Mr. Oestreich received a Bachelor of Science degree from the Massachusetts Institute of Technology and Juris Doctor degree from the University of Michigan Law School.

In commenting on these changes, Simon Hatfield, Chief Executive Officer, stated, "We wish to express our thanks to Jon for joining WesternZagros's Board of Directors. During the calendar year 2016, the Company has achieved a number of important milestones, including the approval of the Garmian Field Development Plan and submission of the Kurdamir Field Development Plan.

The year ahead is an important one as the Company seeks to advance development and monetize its Kurdamir and Garmian projects. Jon is a highly qualified and experienced financial and legal professional and I am confident that he and the other members of the Board of Directors and senior management will effectively lead the Company in realizing these opportunities."

David Boone, Chairperson of the Board, said "We conducted a search for someone who would further strengthen our board's breadth of financial talent and background, and we are delighted to have identified such an exceptional individual. I'm confident that Jon is going to make an important and positive impact on our company. After the June 2017 Annual General Meeting, Jon will succeed Randall Oliphant as Chair of the Audit Committee as Randall will be stepping down at that time."

Executive Recruiting News in Canada >>

United States >>  1/18/2017 - LyondellBasell (LYB), one of the world's largest plastics, chemical and refining companies today announced a planned executive leadership change. Afte...
Brazil >>  1/12/2017 - The inauguration ceremony of the ANP's director general, Decio Oddone, and director Felipe Kury was held at the Itamaraty Palace, in Rio de Janeiro. ...

Nigeria >>  1/11/2017 - A Nigerian oil labor union has suspended a nationwide three-day strike over job losses that hit petrol stations and oil tankers, following talks with ...
United Kingdom >>  1/11/2017 - Tullow Oil plc (Tullow) announces a number of changes to its Board: ...

Gabon >>  1/10/2017 - OPEC-member Gabon has replaced three ministers, including the oil minister, the government said in a statement. ...
Scotland >>  1/10/2017 - Cairn is pleased to announce the appointment of Nicoletta Giadrossi as an independent non-executive director with effect from 10 January 2017. Nicolet...

Related Categories: Events  Executive Recruiting  General  Legal  Petroleum Associations  Professional Associations  Sourcing & Procurement 

Related Articles: Events  Executive Recruiting  General  Legal  Petroleum Associations  Sourcing & Procurement 


Canada Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |

More News

 

Oil & Gas Companies in Canada >>


Related Links

Gulf Oil and Gas
Copyright Universal Solutions All rights reserved. - Privacy Policy.