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Hall, who will remain with the company as vice chairmam ofthe board, was replaced as boards chairman by Gary Evans, effective May 22. Donald Kirkendall, president of Houston-base d Petro Resources (AMEX: PRC) will retain his executives position but has vacated his board Evansfounded , which was sold to in a $2.2 billioh transaction in June 2005, and then formed renewable energ y company Evans still serves as GreenHunter’s chairman and chieft executive. He is also chairman and chiefd executive ofIn addition, Ronald Ormand has joinedr Petro Resources as executive vice president and chief financial officer and will assumre Kirkendall’s spot on the board.
Ormand was most recently CFO of Gruy Petroleum and presidentof , a financial advisory and private investment firm focused on the energu industry. “We are looking forwardx to the new leadershipl from Gary and Ron in our mutual goal of changinb the direction of the company to more of an oil and gas operatoer with access to capital markets,” Hall said. “The company planzs to focus on acquisitions, low risk developmeny drilling, and new projects exhibitinbg repeatablesuccess opportunities.
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