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Estrella Seeks New Leadership

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Estrella Seeks New Leadership

Estrella International Energy Services ltd. has announced that Warren Levy has tendered his resignation as President and Chief Executive Officer of the Company.

Mr. Levy will continue in his role as President and Chief Executive officer until December 31, 2013, and will assist the Board of Directors in identifying his successor. The Company is considering candidates from both inside the Company as well as from industry, and will make an announcement concerning a successor when the selection process is concluded.

Chairman of the Board of Directors, Horacio Reyser, commented: "We sincerely thank Warren for his hard work and effort in founding and helping grow the Company into the regional leader it is today. We wish him all the best in his future endeavours."

Mr. Levy commented, "There comes a time in the growth of every successful company when the founders recognize the need to pass the baton to new leadership. Due to the entry of Ringo and the recent acquisition of San Antonio Colombia, the Company is entering a new phase, and I feel that the time is now for a new leader to help take Estrella through its next phase of growth."


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