LAFAYETTE, La., Dec. 14, 2016 /PRNewswire/ — PetroQuest Energy, Inc. (the “Company”) (NYSE: PQ) today announced that J. Gerard Jolly, CPA has been appointed by the Company’s Board of Directors to serve as a director and the Chairman of the Audit Committee. The Company’s Board of Directors has affirmatively determined Mr. Jolly to be independent under the listing standards of the NYSE and the rules of the SEC. In addition, Mr. Jolly qualifies as an audit committee financial expert under the rules of the SEC.
Mr. Jolly was a long-time partner in the nationally recognized accounting firm of KPMG until his retirement in 2012. In his more than 30 year career with KPMG, Mr. Jolly served in a variety of roles including the firm’s National Managing Partner of its mid-market business and was a member of the firm’s Board of Directors. As a member of the KPMG board, Mr. Jolly served as Chairman of the Audit, Finance and Operations Committee as well as the Nominating Committee.
Mr. Jolly is a licensed CPA and holds a B.S. in Accounting from Louisiana State University. He is a member of the E.J. Ourso College of Business Hall of Distinction at Louisiana State University, the immediate past Chairman of the Dean’s Advisory Council for the E.J. Ourso College of Business and the Chairman of the Pennington Biomedical Research Foundation.
“We are pleased to welcome Jerry to the Board of PetroQuest,” said Charles T. Goodson, Chairman and CEO. “His tremendous financial and accounting background will augment not only our Board but our entire organization. Having someone with Jerry’s distinct qualifications and skill sets join our team is another important achievement that we expect will pay dividends to our stakeholders for years to come.”
About the Company
PetroQuest Energy, Inc. is an independent energy company engaged in the exploration, development, acquisition and production of oil and natural gas reserves in Texas, Louisiana and the shallow waters of the Gulf of Mexico. PetroQuest’s common stock trades on the New York Stock Exchange under the ticker PQ.