CALGARY, April 4, 2013 /CNW/ - Gibson Energy Inc. ("Gibson" or the
"Company"), (TSX: GEI), is pleased to announce the appointment of James
J. Cleary to the Company's board of directors (the "Board"). Mr.
Cleary has over 30 years' experience in the oil and gas industry and
previously acted as President of the Western Pipeline group of El Paso
Corporation, an energy company which operated in the natural gas
transmission, exploration and production sectors in North America.
Prior thereto, Mr. Cleary served in an executive capacity at other
natural gas pipeline companies. Mr. Cleary has a law degree from
Boston College Law School and is currently a managing director of
Global Infrastructure Partners, an infrastructure fund that invests in
energy, transport and water/waste sectors. "The appointment of Jim
Cleary will provide Gibson's board with, among other things, additional
expertise with respect to building and expanding the Company's
operations in the United States," said Mr. Hanlon.
Gibson also announces the resignations of Andrew W. Ward and Robert M.
Tichio from the Board. Mr. Ward and Mr. Tichio became directors of
Gibson in December, 2008, in connection with their respective positions
as a Partner and Managing Director and a Managing Director of
Riverstone Holdings LLC, a New York based energy focused private equity
firm affiliated with Gibson's former private equity investor. "On
behalf of Gibson, I would like to thank Mr. Ward and Mr. Tichio for all
of their contributions and efforts while serving as directors. We are
appreciative of their years of support and service," said Stewart
Hanlon, Gibson's President and Chief Executive Officer.
In connection with the resignation of Mr. Ward, James M. Estey has been
appointed as Chairman of the Board. Mr. Estey has served as a director
of Gibson since the Company's initial public offering in June, 2011.
Mr. Estey has also been appointed as a member of the Company's Audit
Committee to fill the vacancy created by Mr. Ward's resignation. In
connection with the resignation of Mr. Tichio, Mr. Cleary has been
appointed as a member of the Corporate Governance, Compensation &
Nomination Committee. Clayton H. Woitas, who has served on the Board
since June 2010, has resigned as a member of the Health, Safety,
Security and Environment Committee and Mr. Cleary will fill the vacancy
on such committee occasioned by Mr. Woitas' resignation. Mr. Woitas
will continue in his role as a member of Gibson's Board. The
aforementioned appointments and resignations are all effective April 4,
Gibson is one of the largest independent midstream energy companies in
Canada and an integrated service provider to the oil and gas industry
in the United States. Gibson is engaged in the movement, storage,
blending, processing, marketing and distribution of crude oil,
condensate, natural gas liquids, water, oilfield waste and refined
products. Gibson transports energy products by utilizing its network of
terminals, pipelines, storage tanks, and trucks located throughout
western Canada and through its significant truck transportation and
injection station network in the United States. Gibson also provides
emulsion treating, water disposal and oilfield waste management
services in Canada and the United States and is the second largest
retail propane distribution company in Canada.
SOURCE: Gibson Energy Inc.