Exploration & Production | People | People-Resignation
Argent CEO Resigns in Light of Restructuring
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Changes in Senior Management
With the change in strategic direction and cost reduction initiatives, there are a number of executive position rationalizations.
Argent is announcing the resignation, effective April 30, 2014, of Brian Prokop as Chief Executive Officer. John Elzner, currently President, will become President and CEO, and a Director of the Trust.
Management and the Board of Directors wish to thank Mr. Prokop for his contributions since the formation of the Trust. He has been deeply committed to the success of the Trust and instrumental in the significant growth through acquisition, access to capital and investor interactions. The Board is very pleased that he will be available to the Trust as needed in the future, and sincerely wishes him well in his future endeavours.
Additionally, Eric Tremblay will transition from Executive Chairman to Chairman of the Trust and forego all executive compensation effective April 30, 2014.
Furthermore, the Board of Directors has agreed to forego all incentive based compensation in the current year.
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