05.07.2013 21:26:30
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PRESS RELEASE: New CEO to lead Spectraseis
Spectraseis / New CEO to lead Spectraseis . Processed and transmitted by Thomson Reuters ONE. The issuer is solely responsible for the content of this announcement.
July 5, 2013, Houston. Spectraseis, the technology leader in microseismic fracture imaging, stimulation evaluation and seismic monitoring, has appointed Todd Chuckry as interim CEO, to be confirmed in the next shareholders and Board of Directors meeting. Mr. Chuckry has been the VP of Sales and Business Development prior to this appointment.
Todd joined Spectraseis in July 2011 from Calmena Energy Services, where he provided consulting in the area of microseismic. Prior to his work with Calmena, Todd was the founder, President and CEO of Request Seismic Surveys and BlueGrouse Seismic Solutions. Todd founded Request as a land seismic services company in 1989 and by 1994 Request was one of the largest multi-client data providers acquiring approximately 1,000 km of 2-D data each year. Request went public in 1997, becoming the largest seismic data owner in Canada at the time with annual sales of $100 million. In 1999 Todd was recognized as one of Canada's "40 under 40". In 2000 Request was reorganized into an income Trust and sold for $128 million at which time Todd moved on. In 2003 Todd founded BlueGrouse Seismic Solutions and grew the company as a data owner with sales in its final year of $42 million; BlueGrouse was sold to a competitor 2007.
Spectraseis also announces that effective immediately Ross Newman will be stepping down as CEO. Mr. Newman has served Spectraseis as the company's CEO since the founding of the company. Mr. Newman has also resigned from his positions as Director in both Spectraseis AG and Spectraseis Canada Inc.
New Spectraseis interim CEO Todd Chuckry said:
"I would like to thank Mr. Newman for his many years of service to Spectraseis. Under Mr. Newman's stewardship, Spectraseis has become a technology leader in microseismic fracture monitoring and stimulation evaluation. Spectraseis will continue to provide these services to many of the world's leading E&P firms, providing a competitive advantage to its customers through cutting-edge innovations.
I am honored to assume to the role of interim CEO of Spectraseis. The strength of our management team and the commitment of our employees will allow us the ability to further expand both our offerings and customer base.
Both I and the Spectraseis team are extremely excited about the future ahead and the opportunities that have been and will be presented. The management and staff of Spectraseis would like to thank its customers and its stakeholders for their continued support. We will continue to provide the results that customers deserve. The company will be providing a corporate / operations update shortly."
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Note to editors
About Spectraseis
Spectraseis is the technology leader in microseismic fracture monitoring and stimulation evaluation. We provide services to many of the world's leading E&P firms, including a growing customer base among North American unconventional resource operators. Spectraseis provides a competitive advantage to its customers through cutting-edge innovations in surface and borehole microseismic monitoring, Induced seismicity monitoring (ISM), data processing and imaging. Established in 2004, Spectraseis has offices in Houston, Denver and Calgary. Our major shareholders include the private equity firm Warburg Pincus and Statoil Technology Invest.
Further information about Spectraseis can be found at http://www.spectraseis.com.
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Product and company names herein may be trademarks of their respective owners.
Contacts
For further information, contact:
Todd Chuckry, Interim CEO, Spectraseis
Calgary Office
+1-403-668-6812 direct
+1-403-650-8070 cell
todd.chuckry@spectraseis.com
Kent Johnson, VP of Sales and Business Development, Spectraseis
Houston Office
+1 281 520 4012 direct
+1 713 294 5864 cell
kent.johnson@spectraseis.com
Corey Sisler, CFO, Spectraseis
Denver Office
+1 303 658-9171 office
+1 303 229-5008 cell
corey.sisler@spectraseis.com
Brad Birkelo, COO, Spectraseis
Denver Office
+1 303 658 9170 direct
+1 720 362 0695 cell
bradley.birkelo@spectraseis.com
Spectraseis press release_New Interim CEO_July 5, 2013: http://hugin.info/137808/R/1714683/569480.pdf photo of Todd Chuckry http://hugin.info/137808/R/1714683/569481.jpg
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information contained therein.
Source: Spectraseis via Thomson Reuters ONE
HUG#1714683
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Spectraseis
Giessereistrasse 5 Zurich Switzerland
http://www.spectraseis.com (END) Dow Jones Newswires
July 05, 2013 14:55 ET (18:55 GMT)- - 02 55 PM EDT 07-05-13
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