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ZaZa Energy Corporation has reported that Paul F. Jansen, currently the Company’s Chief Accounting Officer (CAO), also will assume the position of Chief Financial Officer (CFO) effective May 19, 2014.
ZaZa’s President and CEO, Todd A. Brooks commented, "Over the course of the last year, the Company has been working to streamline its operations and further reduce overhead. The consolidation of the CAO and CFO offices will increase ZaZa’s efficiency as we grow our production base."
Prior to joining the Company in March 2013, Mr. Jansen was Controller and CAO for Crimson Exploration Inc., a Texas based public oil and gas company, which merged with Contango Oil & Gas Company last year. Previously, he worked for PricewaterhouseCoopers LLP, serving public and private clients in the oil and gas industry.
Mr. Brooks continued, "Paul Jansen is a talented financial professional who has demonstrated tremendous capability as our CAO. His experience at the Company makes him uniquely qualified to hold the consolidated position and ensures a seamless transition as we move forward."
Mr. Jansen replaces Mr. Ian H. Fay, whose focus was on streamlining the Company and restructuring the balance sheet in preparation for further development of its acreage. Mr. Fay will continue to serve as an outside strategic advisor to ZaZa, the role he played for ZaZa and other companies prior to assuming the position of CFO.
Mr. Brooks stated, "It has been my pleasure to work closely with Ian over the past two years, and I am thankful for all of his hard work and dedication. I look forward to continuing to work with him in his role as strategic advisor."