Regulatory News: CGGVeritas (Paris:GA) (NYSE:CGV) announced today, at the proposal of FSI (Fonds Strategique d’Investissement) and the approval of CGGVeritas' Board, that Mr. Daniel Valot will sit on the CGGVeritas Board of Directors on behalf of the FSI and replace Mr Denis Ranque. Mr. Daniel Valot became a director of CGGVeritas on March 14, 2001. About CGGVeritasCGGVeritas (www.cggveritas.com) is a leading international pure-play geophysical company delivering a wide range of technologies, services and equipment through Sercel, to its broad base of customers mainly throughout the global oil and gas industry.CGGVeritas is listed on the Euronext Paris (ISIN: 0000120164) and the New York Stock Exchange (in the form of American Depositary Shares, NYSE: CGV).
CGG Veritas (NYSE:CGV) hit a new 52-week low Monday as it is currently trading at $16.76, below its previous 52-week low of $17.44 with 16,874 shares traded as of 9:38 a.m. ET. Average volume has been 170,700 shares over the past 30 days.