CALGARY, June 20, 2017 /CNW/ – Journey Energy Inc. (JOY – TSX) (“Journey” or the “Company“) is pleased to announce that Glenn A. Hamilton has been appointed to the Board of Directors as of today.
Mr. Hamilton recently retired from Bonavista Energy Corporation where he held the positions of Senior Vice President and Chief Financial Officer. Mr. Hamilton has over 35 years of experience in accounting and finance in the oil and gas industry. He is a Chartered Professional Accountant and with his expertise and experience, it is anticipated that he will chair the Audit Committee of the Board.
Also recently joining the Board is Ryan Shay, who was elected at the annual general meeting of Journey, which was held on May 24, 2017. Mr. Shay has in excess of 20 years of experience in the oil and gas industry and was Managing Director, Head of Investment Banking at Cormark Securities Inc. until he retired therefrom in June 2016. Mr. Shay was a member of Cormark’s Executive Committee, Risk Committee, Capital Markets Committee, Compensation Committee, Compliance Committee and Audit Committee.
Journey also wishes to announce that Stephen Mulherin is retiring from the Board concurrently with Mr. Hamilton’s appointment. In addition, and as previously announced at the annual general meeting, Mr. Wieland Wettstein retired from the Board effective May 24, 2017. Both Mr. Mulherin and Mr. Wettstein have been members of the Board since May of 2014. Journey wishes to thank Mr. Mulherin and Mr. Wettstein for their mentorship and guidance throughout the last three years which has included the initial public offering of Journey; rationalizing Journey’s asset base; stewarding the Company through the rapid oil price declines of the last two years, and reshaping the Company’s shareholder base. Journey wishes both Mr. Mulherin and Mr. Wettstein all the best in their future endeavors.