Cyprus: SeaBird Appoints New Chief Executive Officer

SeaBird Exploration PLC announces that Mr Dag Reynolds has been appointed as new Chief Executive Officer of SeaBird. Mr Reynolds will assume the position with the Company with effect no later than 1 May.

The current CEO Mr Tim Isden will be stepping down from his position with effect from 6 February 2012 and will be leaving the Company shortly. Mr Jan-Eivind Fondal, previously a member of the Board of Directors of the Company, will assume the position as interim CEO from 6 February 2012 and until Mr Reynolds assumes the position.

Mr Reynolds comes from the position as executive vice president of EMGS. He was the CEO of SeaBird Exploration PLC from 2005 to 2007, and has 20 years of experience from the oil and oil services industry.

Chairman of the Board, Mr Henrik Christensen, comments: “The Board of Directors of SeaBird is pleased to announce the appointment of Dag Reynolds as the Company’s new Chief Executive Officer. Mr Reynolds combines an outstanding track record in the industry with in-depth knowledge of the Company. This is a set of competencies we believe will be highly valuable in the Company’s continued efforts to reposition itself as a high end operator in the seismic market. The Board of Directors takes the opportunity to thank Mr Isden for his valuable services to the Company for many years.”

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Subsea World News Staff , February 06, 2012;  Image: SeaBird