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Pacific Exploration & Production reported the appointment of Barry Larson as its new Chief Executive Officer, effective February 20, 2017. Mr. Larson will be based at the Company's operating headquarters in Bogotá, Colombia. Jim Latimer will continue in the role of interim CEO until the effective date of Mr. Larson's appointment as permanent CEO.
Mr. Larson has over 40 years of oil and gas industry experience, 21 of which have been with operations at the international level. Mr. Larson was most recently a director of Pacific, appointed to the new Board as part of the successful recapitalization and restructuring of the Company, effective November 2, 2016. Concurrent with his appointment as CEO, Mr. Larson has stepped down from his role as a director, effective immediately, as the Board evaluates independent director candidates with skills, experience and capabilities that would be beneficial to the Company and its shareholders.
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