Pieridae Energy Limited announces the re-election of Mr. Myron A. Tetreault, Mr. Alfred Sorensen, Mr. Charles Boulanger, Mr. Andrew Judson, Mr. Matthew Rees as its directors for the forthcoming year and the election of Mr. Kjell Pedersen as a new independent director.
Kjell Pedersen, a native of Norway, has 40 years of experience in oil and gas exploration and production in Europe and North America. He was the Director of Det Norske Oljeselskap AS from 2015 until 2016. Prior thereto, he was Chairman of Aibel AS from April 2013 until March 2015 and CEO of Petoro AS from 2001 until 2013.
Pieridae has also granted 125,000 stock options to Mr. Pedersen at an exercise price of USD 5.67 per share, expiring June 27, 2023.
The company has also announced the resignation of its Chief Financial Officer, Mr. Mario Racicot. Mr. Racicot’s resignation will be effective from September 2018. To help ensure an orderly transition, Mr. Racicot will step down from his current position once a successor is appointed. The company has initiated an internal and external search to fill the CFO position.
Pieridae wishes to announce the appointment of Mr. Rob Dargewitcz as Vice President Finance and Risk Management. M. Dargewitcz brings over 20 years of experience in the Energy sector, including the last 5 years as Treasurer of North West Redwater Partnership (NWRP), an entity building a $9.7B Upgrader/Refinery just north of Edmonton, Alberta.
