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Treaty Energy Corporation Announces Management Team And Board Of Directors Changes

Stocks in this article: TECO TECO

NEW ORLEANS, Aug 4, 2014 /PRNewswire/ -- Treaty Energy Corporation (OTCQB: TECO), a growth-oriented energy company in the oil and gas industry, today announced changes to its management team and additions to its Board of Directors.

Chris D. Tesarski, Executive Chairman of Treaty Energy since May 1, 2014, was appointed Chief Executive Officer (CEO) of the company on July 28, 2014, following the resignation of Andrew V. Reid as its Chairman and CEO.

Mr. Tesarski stated, "The Board of Directors accepted the resignation of Mr. Andrew V. Reid as Chairman of the Board, member of the Board of Directors and CEO of the company. Mr. Reid's resignation is effective July 28, 2014. The company wishes to thank Mr. Reid for his tenure and wishes him all success in his new ventures."

Mr. Tesarski announced that, " Andrew L. Kramer, the company's Vice President, General Counsel and Corporate Secretary, became a member of the Board of Directors.  In addition, I am pleased to welcome another new member as well! Rana Ghosh of Ft. Lauderdale, FL has been appointed to the Board. Mr. Ghosh brings extensive experience from the infrastructure and utility sectors of the energy business. In addition, in anticipation of completion of the compliance reporting required to bring market credibility back to the company under way currently; and an exciting reworking of the company's vision and strategy, Mr. Carl McCutcheon from Houston, Texas joins the team as, Special Business Advisor to the Board of Directors." The new leadership team is stalwart in its commitment to see TECO achieve a series of definitive and positive milestones in the coming year. Management will bring that definitive action plan to shareholders following its first official board meeting in September.

"Carl will also take the lead in helping to add a critical member to the Board in the fall, an individual who will bring extensive engineering and geotechnical experience, to give Treaty Energy a fully developed, energy-focused Board of Directors to guide the company through its next phase of development," added Mr. Tesarski.

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