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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.
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
the United States and is the second largest retail propane distribution company in
SOURCE Gibson Energy Inc.