This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

BPZ Resources Announces The Retirement Of Dr. Fernando Zuniga Y Rivero As Chairman And Appointment As Chairman Emeritus; Appointment Of James B. Taylor As Chairman Of The Board

Stocks in this article: BPZ

HOUSTON, March 7, 2011 (GLOBE NEWSWIRE) -- BPZ Resources, Inc. (NYSE:BPZ) announces that Dr. Fernando Zuniga y Rivero, 83, Executive Chairman of the Board of Directors, has informed BPZ Resources, Inc. (the "Company") that he has elected to retire effective March 1, 2011. As a result of his retirement, he will step down from all positions with the Company and its subsidiaries, including as a member of the Board of Directors and executive officer of the Company. In recognition of his contribution and service to the Company, the Board of Directors has awarded him the title of "Chairman Emeritus." Mr. James B. Taylor, current lead independent director of the Company, has been appointed as the Chairman of the Board.

Manolo Zuniga, President and Chief Executive Officer commented, "We are extremely grateful for the extraordinary leadership and commitment during our formative years that my father has provided to the Company as Executive Chairman.  His experience, knowledge and passionate commitment to BPZ's performance, as well as to its stakeholders and overall mission have been the cornerstones of our success."

Reflecting on his decision to retire, Dr. Zuniga y Rivero said, "I am proud of the Company's accomplishments during my tenure as Executive Chairman.  I would like to acknowledge the excellent support I received from our staff, management and board of directors, without whom BPZ would not have achieved so much in such a short time.  I am honored to receive the title of 'Chairman Emeritus.' I am also very pleased to be able to hand over the chairman's role to Mr. Jim Taylor, who brings extensive technical experience in the oil and gas sector as well as valuable experience as a Director of publicly held oil and gas companies. I am confident of BPZ's continued success with Jim as my replacement as Chairman of the Board of Directors."

1 of 3

Select the service that is right for you!

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 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • 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