Cheniere Energy Inc. Announces New Management and Board Appointments.HOUSTON--(BUSINESS WIRE)--Sept. 30, 1997--Cheniere Energy Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on SmallCap Market: CHEX CHEX Confined Helium Experiment CHEX Channel Expanded ) announced the appointment of Walter L. Williams as President and Chief Executive Officer of the Company, and the appointment of Kenneth R. Peak to its Board of Directors. Mr. Williams has served as Vice Chairman of Cheniere Energy Inc. since May 1996 and previously was with Texoil Inc., which he co-founded and served as CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and in other senior management positions for 32 years. William D. Forster, who has been appointed Co-chairman of the Board of Directors, said today, "In anticipation of Cheniere's entering its initial phase of exploration drilling activity, it is appropriate for Cheniere to appoint a CEO with relevant experience to guide operations through this phase. We have worked closely with Walter for the past 16 months and he brings extensive experience in exploration and development along the Louisiana and Texas Gulf Coast." Mr. Peak, who will join the Board, has been the President of Peak Enernomics, Inc., a company engaged in consulting activities in the oil and gas industry. Prior to forming Peak Enernomics, Mr. Peak was a Managing Director of Howard Weil Inc., an investment banking firm. Prior to Howard Weil, Mr. Peak was Chief Financial Officer of Forest Oil Company. He currently serves as a director on the Board of NL Industries Inc., as well as on the boards of several other oil and gas related public and privately held companies privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. . Mr. Peak is 52 years old and received a BS degree in physics from Ohio University Ohio University, main campus at Athens; state supported; coeducational; chartered 1804, opened 1809 as the first college in the Old Northwest. There are additional campuses at Chiillicothe, Lancaster, and Zanesville, as well as facilities throughout the state. and an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from Columbia University Graduate School of Business. Houston-based Cheniere Energy Inc. is an independent oil and gas company focusing in the Transition Zone of Louisiana CODE, OF LOUISIANA. In 1822, Peter Derbigny, Edward Livingston, and Moreau Lislet, were selected by the legislature to revise and amend the civil code, and to add to it such laws still in force as were not included therein. . The company relies extensively upon the use of 3-D seismic technology in its exploration. It owns, in a program with one partner, 400 square miles of seismic data in the area, including 228 square miles of recently acquired proprietary data in Cameron parish. CONTACT: Cheniere Energy Inc., Houston Keith F. Carney, 713/659-1361 |
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