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BPZ Energy has reported that Chief Operating Officer Richard Spies has resigned his position to rejoin BP effective November 1, 2013.
Mr. Spies will continue to serve the Company as a Board member on the BPZ Resources, Inc. Board of Directors, a position he accepted effective September 3, 2013.
Mr. Spies will continue to serve as Chief Operating Officer until October 31, 2013. In the interim, he is participating in the search for a new head of operations for BPZ, which will facilitate the transition process.
President and CEO Manolo Zunyiga commented, "We appreciate Richard's leadership over the past three years and wish him the very best in his new position. He has been a valued member of my executive team and his efforts have helped strengthen both our offshore and onshore operations. I am also very pleased to welcome Richard as a fellow Board member, and look forward to his ongoing contributions to BPZ Energy."