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GreenHunter Resources Announces The Appointment Of New Chief Financial Officer

Stocks in this article: GRH

GreenHunter Resources, Inc. (NYSE MKT: GRH)(NYSE MKT: GRH.PRC) (the “Company”), a diversified water resource, waste management and environmental services company specializing in the unconventional oil and natural gas shale resource plays, announced today that the Company has appointed Ronald (“Ron”) McClung as its new Senior Vice President and Chief Financial Officer effective September 1, 2013.

Mr. McClung, who is a Certified Public Accountant (CPA) in good standing with the Texas State Board of Public Accountancy, brings more than twenty-five years of both public and private company audit, treasury, risk management, SEC public company reporting, Sarbanes-Oxley compliance, due diligence and acquisition integration experience. Mr. McClung initiated his career as an audit manager while at public accounting firms KPMG and Robinson, Burdette, Martin & Cowan, LLP, and as a Corporate Controller while at Key Energy Services, Inc. and as a Chief Financial Officer at Basic Energy Services, Inc. Most of Mr. McClung’s experience has been in the oilfield service sector with companies that are heavily involved in both salt water disposal and trucking operations associated with this business. Most recently, Mr. McClung has served as Corporate Controller for Patterson-UTI Energy, Inc. – a land based oil and gas well drilling and pressure pumping services company. Mr. McClung earned a Bachelor of Accounting degree from Texas Tech University where he graduated Summa Cum Laude.

Management Comments

Mr. Jonathan D. Hoopes, Interim-CEO, President and COO of GreenHunter Resources, commented “After an exhaustive interview process of many qualified candidates, we chose Ron McClung to oversee our Company’s entire accounting and finance department including financial reporting and regulatory compliance responsibilities. We have been most impressed with not only Ron’s past accomplishments that notably include the successful integration of numerous acquisitions and recruitment and management of qualified accounting professionals, but also his strong integrity and work ethic. We look forward to Ron’s arrival and subsequent implementation of the necessary improvements we are seeking in our accounting and finance department which we anticipate will vastly improve both the timing and internal financial reporting necessary for management oversight.”

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