This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Gasco Energy Announces Changes In Officers And Directors

DENVER, Sept. 20 /PRNewswire-FirstCall/ -- Gasco Energy (NYSE Amex: GSX) today announced changes to its officers and directors and a plan of succession.  

Effective immediately, the Board of Directors has appointed director Charles B. Crowell to serve as the Company's Chairman of the Board of Directors, replacing Mark A. Bruner as Chairman.  Mr. Bruner will remain as a Director.  In addition, Mr. Crowell announced his planned retirement as chief executive officer effective January 1, 2011, he will continue to serve as Chairman of the Board of the Company.  Mr. Crowell has served on various committees of Gasco's Board of Directors since July 2002.

The Board also unanimously agreed that the Company's current president and chief financial officer, W. King Grant, would be appointed as chief executive officer upon Mr. Crowell's resignation.  Effective immediately, the Board also appointed Mr. Grant to serve as a member of the Board of Directors.  Mr. Grant has been an officer of the Company in various positions since July 2001.  

Management Comment

Commenting on the new composition of officers and directors, Gasco's Chairman of the Board Chuck Crowell said: "The Board of Directors is pleased to announce today's orderly plan of succession for officers and Directors.  On behalf of the Board, I would like to welcome King as a member of the Board of Directors and look forward to his contributions as a Director.  Along with senior management of the Company, we will work together for the remainder of 2010 to ensure a smooth transition when King takes over as CEO.  King is a dedicated and effective executive for Gasco and its shareholders.  This management change is indicative of the faith that the Board has in his performance and his ability to continue to manage Gasco's future."

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,153.80 +21.83 0.13%
S&P 500 2,002.21 +3.23 0.16%
NASDAQ 4,557.6970 +4.9380 0.11%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs