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TransGlobe Energy Names Randy Neely As VP And CFO, Replacing David Ferguson

Transglobe Energy Corporation (TGL.TO) Thursday announced that Mr. Randy Neely has been appointed as the Vice President of Finance and Chief Financial Officer of the company with effect from May 8, 2012.

The company stated that Randy Neely will be replacing Mr. David Ferguson, who has intimated his desire to retire from the company by August this year.

Mr David Ferguson will step down from his post on May 8th, and wil stay with the company till August to assist in the smooth transition.

"Mr. Ferguson made valuable contributions to the growth and success of TransGlobe over the past eleven years. On behalf of the Board, the staff and the shareholders, we wish Dave a healthy, happy and well-deserved retirement," stated Robert A. Halpin, Chairman of the Board of Directors.

by RTTNews Staff Writer

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