CALGARY, ALBERTA–(Marketwired – Dec. 19, 2016) – Harvest Operations Corp. (“Harvest” or the “Company”) announced that Mr. Piljong Sung has completed the term of his secondment in Canada and has been reassigned to the headquarters of Harvest’s parent company Korea National Oil Corporation (“KNOC”) in Ulsan, Korea. As a result Mr. Sung has tendered his resignation as Harvest’s Interim President & Chief Executive Officer (“CEO”) and executive Director of the Company. The Company would like to thank Mr. Sung for his contributions to Harvest.
Harvest is pleased to announce that Mr. Jeff Tooth, formerly Chief Operating Officer (“COO”) of the Company, has been appointed President & Chief Executive Officer and additionally will assume an executive Director role. “I believe Harvest will be well served by Mr. Tooth’s appointment to lead the Company and to position it for profitable sustainable growth,” said Harvest Board of Director Chairman, Mr. Seungkook Lee. Mr. Tooth will continue to hold the position of COO for the near term as well.
HARVEST CORPORATE PROFILE
Harvest is a wholly-owned, subsidiary of Korea National Oil Corporation (“KNOC”). Harvest is a significant operator in Canada’s energy industry offering stakeholders exposure to exploration, development and production of crude oil and natural gas (Upstream) and an oil sands project under construction and development in northern Alberta (BlackGold).
KNOC is a state owned oil and gas company engaged in the exploration and production of oil and gas along with storing petroleum resources. KNOC will fully establish itself as a global government-run petroleum company by applying ethical, sustainable and environment-friendly management and by taking corporate social responsibility seriously at all times. For more information on KNOC, please visit their website at www.knoc.co.kr/ENG/main.jsp.