HOUSTON, April 16, 2015 /PRNewswire/ -- VAALCO Energy,
Inc. (NYSE: EGY) today announced that Russell Scheirman has informed the Company that
he will retire as President and Chief Operating Officer, effective
immediately following the Company's 2015 Annual Meeting of
Stockholders, scheduled for June 3,
2015. Mr. Scheirman, who has served as a Director of
VAALCO since 1991, will not stand for re-election as a director at
the 2015 Annual Meeting of Stockholders and will step down from the
VAALCO Board of Directors immediately following the meeting.
"Russell's contribution to building VAALCO Energy into the
company it is today has been extraordinary," said Steve Guidry, CEO of VAALCO. "Over the past 24
years, his dedication and excellence have been a significant factor
in VAALCO's success, and we are grateful for all his contributions.
All of us who have had the privilege of working with Russell will
miss his outstanding leadership and expertise. On behalf of the
Board and every member of the VAALCO team, we wish him all the best
in his retirement."
Mr. Scheirman joined VAALCO in 1991 as Executive Vice President,
Chief Financial Officer and a member of the Board of Directors.
In 1992, he became President. Since 2008, Mr. Scheirman
has served as President and Chief Operating Officer, overseeing the
day-to-day operations of the Company's exploration, drilling and
production areas, and as a Director of VAALCO.
Following his retirement, Mr. Scheirman will continue to support
VAALCO's senior management team in a consulting capacity through
the end of 2015.
About VAALCO
VAALCO Energy, Inc. is a Houston based independent energy company
principally engaged in the acquisition, exploration, development
and production of crude oil. VAALCO's strategy is to increase
reserves and production through the exploration and exploitation of
oil and natural gas properties with high emphasis on international
opportunities. The company's properties and exploration
acreage are located primarily in Gabon, Angola
and Equatorial Guinea in
West Africa.
Investor
Contact
Gregory R.
Hullinger
Chief Financial
Officer
713-623-0801
|
Media
Contact
Tim Lynch / Jed
Repko
Joele Frank,
Wilkinson Brimmer Katcher
212-355-4449
|
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SOURCE VAALCO Energy, Inc.