Oil and natural gas company Toreador Resources Corp. (TRGL) Wednesday announced the appointments of Marc Sengès as Chief Financial Officer, Tony Vermeire as Commercial Director, and Bernard de Combret as an Independent Director on the Board of Directors. The company said that all three appointments are effective immediately.
Toreador also said that the company's former Chief Financial officer Charles Campise will continue on in an advisory role until March of next year to ensure a smooth transition.
Sengès has been serving as the Corporate Secretary and General Counsel of Progisys International, a private oil and gas services company with operations in Europe, Africa and Asia, since December 2006. Prior to joining Progisys, he served as the Chief Financial Officer and General Counsel of Canadian oil and gas exploration and production company Pebercan Inc. (PBC.TO), and the Chief Financial Officer and member of the Executive Committee at Maurel et Prom, a French oil and gas exploration and production company. Sengès has also served as an Executive Director at Natexis Banque Populaire (NTXSF.PK), where he was Global Head of the Oil and Gas Structured Finance Department for Africa and the Middle East.
Combret, a French citizen, is the former Deputy Chairman of the Executive Committee of Total (TOT). He is currently non-executive Chairman of Coastal Energy Co. (CEO.L) and a non-executive director of Petrofac Ltd (PFC.L) and Winstar Resources Ltd. (WIX.TO). He is also a member of the International Advisory Board of Banco Santander (STD).
According to the company, Combret spent 23 years from 1979 to 2002 with Elf and then Total where he held several executive positions. He also served as a member of the Board of Directors for various public companies. Prior to joining the oil industry, Combret was a high civil servant in France, holding senior positions in the Ministry of Finance and in the Ministry of Foreign Affairs.
Further, Toreador said that Vermeire most recently worked as a Vice President at Houlihan Lokey, a mid-size U.S. investment bank, where he focused on financial restructuring, transatlantic mergers and acquisitions, and energy valuation. Prior to that, he worked as a Principal Consultant for the Wholesale Energy Markets Group at the PA Consulting Group in Paris. Previously, he worked for the commodities trading division of Goldman Sachs (GS) in London, where he worked on long-term energy agreements and the acquisition of non-operated oil & gas fields and various electricity companies. In addition, he has worked for a decade in the oil and gas industry in various commercial roles at BP plc (BP, BP.L), Amoco Europe and Total SA.
TRGL is trading at $7.57, up $0.12, on a volume of 13,762 shares.
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