Board restructuring at Offshore Hydrocarbon Mapping
18 January 2008
Offshore Hydrocarbon Mapping has restructured its Board.
Dr. Pierre Jungels, who has served as non-Executive Chairman since IPO in March 2004 has retired while Dave Pratt, currently Chief Executive Officer has been appointed as Executive Chairman.
The operational duties previously carried out by Dave Pratt will be taken up by Steve Hunt who was appointed Chief Operating Officer in June 2007, and Richard Cooper, President of Rock Solid Images, which was acquired in August 2007.
Thierry Le Roux (54) and Stephen Ludlow (57) have been appointed to the Board as non Executive Directors.
Outgoing non-Executive Chairman, Dr. Pierre Jungels, commented:
'OHM has come a long way since its admission to trading on AIM in March 2004. The CSEM technology is becoming well understood by the exploration industry and I am confident that the new Board composition especially with the new non-Executive Director appointments, is the right one to drive sales and further develop the technology.
Executive Chairman, Dave Pratt, said:
'On behalf of myself and the Board I would like to thank Pierre for his encouragement, support and advice during OHM's initial growth stage and wish him well for the future.
'Thierry Le Roux has a wealth of experience in the geophysical data industry and his appointment to the Board is most welcome. The appointment will also provide further impetus and energy to our strategic alliance with CGGVeritas.
'I am also delighted that Stephen Ludlow has agreed to join our board. His experience in growing a high end geophysical business will be invaluable to OHM.'
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