TGS Names New CFO
(Thomson Reuters ONE) -
ASKER, NORWAY (27 May 2015) - TGS is pleased to announce the appointment of Sven
Børre Larsen as the Company's new Chief Financial Officer.  The effective date
of Mr. Larsen's employment is yet to be determined, but will be no later than
December 1, 2015. Mr. Larsen will be based in TGS' Asker office.
Most recently, Mr. Larsen was the Chief Financial Officer of Prosafe Management
AS in Norway, the world's leading owner and operator of accommodation support
vessels for the offshore oil and gas industry. Mr. Larsen also has extensive
experience as a Financial Analyst in a broad range of industries including the
oil services sector. A native of Norway, Mr. Larsen earned his undergraduate
and master's degrees at the University of Tromsø and the Bodø Graduate School of
Business.
Mr. Larsen replaces Kristian Johansen as CFO. Mr. Johansen's promotion to COO of
TGS was announced in December of 2014. Mr Johansen will continue to also serve
as interim CFO until Mr. Larsen's date of employment.
In announcing the appointment, Robert Hobbs, Chief Executive Officer of TGS,
commented, "I am pleased to have Sven join our executive team. He brings a
wealth of knowledge as a proven CFO of a successful oil and gas services
organization and I look forward to his contribution to TGS' continued success."
Company summary
TGS-NOPECÂ Geophysical Company (TGS) provides multi-client geoscience data to oil
and gas Exploration and Production companies worldwide. In addition to
extensive global geophysical and geological data libraries that include multi-
client seismic data, magnetic and gravity data, digital well logs, production
data and directional surveys, TGS also offers advanced processing and imaging
services, interpretation products, and data integration solutions.
For more information visit TGS online at www.tgs.com.
Forward-looking statements and contact information
All statements in this press release other than statements of historical fact
are forward-looking statements, which are subject to a number of risks,
uncertainties and assumptions that are difficult to predict, and are based upon
assumptions as to future events that may not prove accurate. These factors
include TGS' reliance on a cyclical industry and principal customers, TGS'
ability to continue to expand markets for licensing of data, and TGS' ability to
acquire and process data products at costs commensurate with profitability.
Actual results may differ materially from those expected or projected in the
forward-looking statements. TGS undertakes no responsibility or obligation to
update or alter forward-looking statements for any reason.
TGS-NOPEC Geophysical Company ASA is listed on the Oslo Stock Exchange
(OSLO:TGS).
TGS sponsored American Depositary Shares trade on the U.S. over-the-counter
market under the symbol "TGSGY".
For additional information about this press release please contact:
Kristian Johansen
COO/Interim CFO
Cell: +47 47 60 33 34
Email: kristian.johansen(at)tgs.com
Will Ashby
Director Finance Western Hemisphere & Investor Relations
Tel: +1 713 860 2184
Email: will.ashby(at)tgs.com
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: TGS via GlobeNewswire
[HUG#1924065]
Unternehmensinformation / Kurzprofil:
Datum: 27.05.2015 - 08:45 Uhr
Sprache: Deutsch
News-ID 395943
Anzahl Zeichen: 4207
contact information:
Town:
Asker
Kategorie:
Business News
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