Vaalco Energy Appoints Steven Guidry As CEO

(RTTNews) - Vaalco Energy Inc. (EGY) Monday said it has appointed Steven Guidry as its chief executive officer, effective October 21, 2013. Robert Gerry, who was the company's CEO for the past 16 years, will continue as Chairman of the Board of Directors.

Guidry worked for 33 years at Marathon Oil Corp., in a number of senior executive capacities, most recently serving as Vice President of Business Development.

In addition, Guidry was President of Marathon's Libya subsidiary and led the company's central Africa business unit, overseeing project expansions in Equatorial Guinea, Gabon and Angola. He also served as regional Vice President for Marathon's United States production operations.

In addition, the firm announced that its Board of Directors has established the position of lead independent director, and appointed James Jennings, former Chairman of Hunt Oil Company, to serve in that capacity.