This Day On The Street
Continue to site
ADVERTISEMENT
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

ION Announces Retirement Of Executive Chairman Robert P. Peebler

HOUSTON, Jan. 4, 2013 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today announced that on December 31, 2012, Robert P. Peebler retired as Executive Chairman of its Board of Directors, and ION Board member James M. "Jay" Lapeyre, Jr. became ION's Chairman of the Board.  Mr. Peebler served as the company's President and CEO from 2003 until January 1, 2012, when R. Brian Hanson become the company's President and CEO and Mr. Peebler transitioned to Executive Chairman.  Mr. Peebler will continue to serve ION as a consultant to the company and its Board of Directors.

R. Brian Hanson, ION's President and CEO, commented, "I would like to thank Bob for his years of service and his many contributions to ION.  Bob is a true visionary.  When he joined ION (then Input/Output) in 2003, he charted a bold new course for the company.  Through his continued leadership and guidance, we have successfully executed on that strategy, transforming ION from a manufacturer of seismic equipment into a provider of integrated geophysical solutions to the global E&P industry.  His contributions to this company and the industry have been immeasurable.  We look forward to continuing to benefit from his vast knowledge and experience through his new consultant role."

Mr. Hanson added, "I am pleased to welcome Jay Lapeyre back to the role of Chairman of the Board, a position he held from 1999 until January 2012, when he assumed the role of Lead Independent Director.  Since joining our Board in 1998, when ION (then Input/Output) acquired the DigiCOURSE marine positioning business from his company, The Laitram Corporation, Jay has provided expert guidance and governance to the company.  We are thankful for his unwavering commitment to ION."

About IONION Geophysical Corporation is a leading provider of geophysical technology, services, and solutions for the global oil & gas industry. ION's offerings are designed to allow E&P companies to obtain higher resolution images of the subsurface to reduce the risk of exploration and reservoir development, and to enable seismic contractors to acquire geophysical data safely and efficiently. Additional information about ION is available at www.iongeo.com.



1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
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!
SYM TRADE IT LAST %CHG

Markets

DOW 18,143.37 +63.23 0.35%
S&P 500 2,123.93 +6.24 0.29%
NASDAQ 5,111.7550 +19.67 0.39%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs