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Pyramid Oil Company has reported that Rick Kasch has been appointed to the Company's board of directors, and also has been named chairman of the audit committee.
Kasch is president of ENSERVCO Corporation, an unaffiliated, publicly traded energy services company based in Denver. Kasch was previously ENSERVCO's chief financial officer, and joins the Pyramid board with extensive financial management, energy industry and public company experience. He has overseen ENSERVCO's financial and operational performance since 2006, is the former CFO of a NYSE-listed hospitality company, and has helped raise more than $1 billion for previous employers through private and public equity, and debt offerings.
Mike Herman, chairman and interim CEO of Pyramid, and also chairman and CEO of ENSERVCO, said, "Pyramid's board will benefit from Rick's financial management expertise and his background in the oil and gas industry as a senior executive with ENSERVCO. His knowledge and oversight will be important resources as Pyramid works to strengthen its financial performance and improve shareholder value."
Kasch replaces John Turco, who was a Pyramid director since 1996 and was the former head of the audit committee.