CALGARY, Sept. 22, 2014 /CNW/ – Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) today announced the appointment of Blair Vago as the company’s Acting Vice President of Finance and Chief Financial Officer. Mr. Vago, Ivanhoe Energy’s Divisional Controller in Ecuador, will assume the duties of Vice President of Finance and Chief Financial Officer (CFO) from Greg Phaneuf, whose resignation from the position takes effect on October 10, 2014.
Mr. Vago is a licensed Certified Public Accountant (California) with more than 30 years of experience in finance and accounting. He also has extensive experience in cross-border transactions, merger integration and doing business in Latin America. He has a strong technical understanding of International Financial Reporting Standards (IFRS), U.S. Generally Accepted Accounting Principles (GAAP) and Canadian GAAP.
Mr. Vago’s fluency in English and Spanish, and his first-hand experience working with Ivanhoe Energy in Ecuador for the past four years will be very important assets as the company works to deliver its plan and build value for all of Ivanhoe’s stakeholders.
Mr. Vago has a Masters of Professional Studies (concentration in accounting, finance and hotel management) from Cornell University, Ithaca, NY, and a Bachelor of Arts from State University of New York, Binghamton, NY.
Ivanhoe Energy is an independent international heavy oil exploration and development company focused on pursuing long-term growth in its reserves and production using advanced technologies, including its proprietary heavy oil upgrading process (HTL®). Core operations are in Canada, the United States and Ecuador, with business development opportunities worldwide. Ivanhoe Energy trades on the Toronto Stock Exchange with the ticker symbol IE and on the NASDAQ Capital Market with the ticker symbol IVAN. For more information about Ivanhoe Energy Inc. please visit www.ivanhoeenergy.com.
SOURCE Ivanhoe Energy Inc.
For further information: Greg Phaneuf, (403) 261 1700; Bill Trenaman, (604) 331 9834