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Petronova Appoint New Director

Source: 8/12/2014, Location: South America

PetroNova Inc. announced that at the recommendation A.V. Securities Inc., the finder of PetroNova's previously announced $8 million private placement, it has appointed Marcel Apeloig to serve as a Director of the Company.

"PetroNova welcomes Mr. Apeloig to its Board of Directors," said Antonio Vincentelli, President and Chief Executive Officer of PetroNova. "Mr. Apeloig's experience as a Director of a TSX-listed Colombian oil and gas company (Suroco Energy Inc.), combined with his experience in corporate finance and capital markets, will be an asset to PetroNova as we continue to progress our exploration and development program in the Llanos and Caguan-Putumayo Basins."

Mr. Apeloig is Partner, Director and President of Activalores Casa de Bolsa, a Caracas-based brokerage firm, overseeing corporate finance, financial advisory services and securities distribution. Prior to joining Activalores, Mr. Apeloig held progressive positions in credit and relationship management at Citibank, leading to his role as Vice-President and Director of the Local Corporate Group, where he reported to the Country Corporate Officer and served as a member of the Executive Committee.

Mr. Apeloig has served as President of the Asociaci?n Venezolana de Casas De Bolsa (Venezuelan Association of Brokerage Houses) and a member of the board of directors of several companies including Suroco Energy Inc., Asociaci?n Venezolana de Ejecutivos de Finanzas (Venezuelan Association of Executives in Finance) and Bolsa de Valores de Caracas (Caracas Stock Exchange). He graduated Sim?n Bol?var University's Electrical Engineering program cum laude, and received a Master of Science degree in Industrial Engineering from Stanford University.

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

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