VAALCO Energy, Inc. Announces Retirement of Chief Financial Officer Elizabeth Prochnow
March 18 2021 - 4:45PM
VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the
“Company”) today announced that Elizabeth Prochnow, its Chief
Financial Officer, has elected to retire effective March 31, 2021.
Ms. Prochnow’s departure is not related to any issues regarding
strategy, financial disclosures, accounting or legal matters, or
any disagreements with management or the Board. The
Company has initiated an executive search to fill the Chief
Financial Officer position. Following Ms. Prochnow’s retirement,
Jason J. Doornik, VAALCO’s Chief Accounting Officer and Controller,
will serve as principal financial officer until a new Chief
Financial Officer has been named.
Ms. Prochnow was named Chief Financial Officer
on April 1, 2019 and before that served as VAALCO’s Chief
Accounting Officer since joining the Company in March 2015.
Prior to joining VAALCO, Ms. Prochnow had a long and successful
career with a variety of finance management positions primarily
with publicly traded companies including a number of companies in
the energy sector.
Cary Bounds, Chief Executive Officer, commented,
“We wish Liz the very best in her retirement as she plans to spend
time traveling with her husband who has also recently retired and
spend more time with her family. Liz has had a very meaningful
impact on VAALCO during her six years with us and has been an
integral member of our management team. She played a significant
role in our financial transformation in the last three years and
was instrumental in our recent acquisition of additional interest
in Etame. We will all miss Liz’s financial and strategic
insight.”
About VAALCO
VAALCO, founded in 1985, is a Houston, USA
based, independent energy company with production, development and
exploration assets in the West African region.
The Company is an established operator within
the region, holding a 63.6% participating interest in the Etame
Marin block, located offshore Gabon, which to date has produced
over 120 million barrels of crude oil and of which the Company is
the operator.
For Further
Information |
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VAALCO Energy, Inc.
(General and Investor Enquiries) |
+00 1 713 623 0801 |
Website: |
www.vaalco.com |
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Al Petrie Advisors (US
Investor Relations) |
+00 1 713 543 3422 |
Al Petrie / Chris Delange |
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Buchanan (UK Financial
PR) |
+44 (0) 207 466 5000 |
Ben Romney / Kelsey
Traynor / James Husband |
VAALCO@buchanan.uk.com |
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