HOUSTON, TX–(Marketwired – Dec 17, 2015) – Yuma Energy, Inc. (NYSE MKT: YUMA) (the “Company” or “Yuma”) today announced the appointment of James J. Jacobs as Chief Financial Officer, effective December 15, 2015. Mr. Jacobs is replacing Kirk F. Sprunger who is resigning to pursue other opportunities.
Sam L. Banks, Chairman, President and Chief Executive Officer of Yuma Energy, Inc. commented, “On behalf of the Board of Directors, we are most appreciative for the services, insight and dedication that Kirk brought to Yuma. Concurrently, we are very fortunate that Jay Jacobs can take over the position and help minimize the transition effects. Jay served as the Chief Financial Officer of Houston America Energy Corp. for seven years prior to joining Yuma in 2013 and is up to date and current regarding all key financial items regarding the Company.”
Mr. Jacobs served as Yuma’s Vice President – Corporate and Business Development immediately prior to his appointment as Chief Financial Officer and has been with the Company since 2013. He has 14 years of experience in the financial services and energy sector. In 2001, Mr. Jacobs worked as an Energy Analyst at Duke Capital Partners. In 2003, Mr. Jacobs worked as a Vice President of Energy Investment Banking at Sanders Morris Harris where he participated in capital markets financing, mergers and acquisitions, corporate restructuring and private equity transactions for various sized energy companies. From 2006 through 2013, Mr. Jacobs was the Chief Financial Officer, Treasurer and Secretary at Houston America Energy Corp., where he was responsible for financial accounting and reporting for U.S. and Colombian operations, as well as capital raising activities. Mr. Jacobs graduated with a Master’s Degree in Professional Accounting and a Bachelor of Business Administration from the University of Texas in 2001.