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

Gibson Energy Inc. Announces Changes To The Board Of Directors

CALGARY, April 4, 2013 /PRNewswire/ - Gibson Energy Inc. ("Gibson" or the "Company"), (TSX: GEI), is pleased to announce the appointment of James J. Cleary to the Company's board of directors (the "Board").  Mr. Cleary has over 30 years' experience in the oil and gas industry and previously acted as President of the Western Pipeline group of El Paso Corporation, an energy company which operated in the natural gas transmission, exploration and production sectors in North America.  Prior thereto, Mr. Cleary served in an executive capacity at other natural gas pipeline companies.  Mr. Cleary has a law degree from Boston College Law School and is currently a managing director of Global Infrastructure Partners, an infrastructure fund that invests in energy, transport and water/waste sectors.  "The appointment of Jim Cleary will provide Gibson's board with, among other things, additional expertise with respect to building and expanding the Company's operations in the United States," said Mr. Hanlon.

Gibson also announces the resignations of Andrew W. Ward and Robert M. Tichio from the Board.  Mr. Ward and Mr. Tichio became directors of Gibson in December, 2008, in connection with their respective positions as a Partner and Managing Director and a Managing Director of Riverstone Holdings LLC, a New York based energy focused private equity firm affiliated with Gibson's former private equity investor.  "On behalf of Gibson, I would like to thank Mr. Ward and Mr. Tichio for all of their contributions and efforts while serving as directors. We are appreciative of their years of support and service," said Stewart Hanlon, Gibson's President and Chief Executive Officer.

In connection with the resignation of Mr. Ward, James M. Estey has been appointed as Chairman of the Board.  Mr. Estey has served as a director of Gibson since the Company's initial public offering in June, 2011.  Mr. Estey has also been appointed as a member of the Company's Audit Committee to fill the vacancy created by Mr. Ward's resignation.  In connection with the resignation of Mr. Tichio, Mr. Cleary has been appointed as a member of the Corporate Governance, Compensation & Nomination Committee.  Clayton H. Woitas, who has served on the Board since June 2010, has resigned as a member of the Health, Safety, Security and Environment Committee and Mr. Cleary will fill the vacancy on such committee occasioned by Mr. Woitas' resignation.  Mr. Woitas will continue in his role as a member of Gibson's Board.  The aforementioned appointments and resignations are all effective April 4, 2013.

About Gibson

Gibson is one of the largest independent midstream energy companies in Canada and an integrated service provider to the oil and gas industry in the United States. Gibson is engaged in the movement, storage, blending, processing, marketing and distribution of crude oil, condensate, natural gas liquids, water, oilfield waste and refined products. Gibson transports energy products by utilizing its network of terminals, pipelines, storage tanks, and trucks located throughout western Canada and through its significant truck transportation and injection station network in the United States. Gibson also provides emulsion treating, water disposal and oilfield waste management services in Canada and the United States and is the second largest retail propane distribution company in Canada.

SOURCE Gibson Energy Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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!

Markets

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 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