Chief Executive Officer John Stanley Leaves TransTexas Gas.Business/Energy Editors HOUSTON--(BUSINESS WIRE)--March 22, 2002 TransTexas Gas Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :TTXG) said today that, by mutual agreement, its Chief Executive Officer, John R. Stanley, had announced his resignation, effective March 14. Concurrently, Mr. Stanley, aged 63, also resigned from the Company's Board of Directors. Arnold H. Brackenridge has been elected by TransTexas' Board of Directors to the position of Chief Executive Officer. Mr. Brackenridge has been President of the Company since 1993. From 1984 to 1992, he was President and Chief Executive Officer of Wintershall Energy and prior to that President of Tricentrol Resources Inc. from 1980 and Vice President of Arco Oil & Gas until 1980. Mr. Brackenridge holds a BS in geology from McMaster University McMaster University, at Hamilton, Ont., Canada; nondenominational; founded 1887. It has faculties of humanities, science, social sciences, business, engineering, and health sciences, as well as a school of graduate studies and a divinity college. , Canada. Speaking on behalf of TransTexas' Board of Directors, Mr. Ted This article is about the actor. For the animated series, see Mister T (TV series). For other uses, see Mr. T (disambiguation). Mr. T (legally changed his name from Laurence Tureaud), (born on May 21 1952), is an iconic actor known for his roles as Sgt. "B. A. E. Davis stated, "We wish Mr. Stanley well in his other endeavors. This can be a challenging business in difficult markets and we're glad to have the leadership of Arnold to move the Company forward." Ted Davis Ted Davis (born July 27, 1942, in Memphis, Tennessee) is a former player in the NFL. He played for the Baltimore Colts, the New Orleans Saints, and the Miami Dolphins. He played collegiately for the Georgia Tech football team. has been a member of TransTexas' board of directors since June 2001. Mr. Davis retired from Conoco Inc., as President, Upstream From the consumer to the provider. See downstream. (networking) upstream - Fewer network hops away from a backbone or hub. For example, a small ISP that connects to the Internet through a larger ISP that has their own connection to the backbone is downstream from the larger North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Other members of TransTexas board of directors are Mr. Walter Piontek, who retired from Mobil Corporation as Executive Vice President of North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. exploration and production; Mr. Gerald Bennett, President and Chief Executive Officer of Total Safety Inc. and formerly Senior Vice President of Equitable Gas Company; and Mr. Ron Benson, an independent consultant and private investor, who was previously employed as President of TPC (Transaction Processing Performance Council, San Francisco, CA, www.tpc.org) An organization devoted to benchmarking transaction processing systems. In order to derive the number of transactions that can be processed in a given time frame, TPC benchmarks measure the total performance of Gathering and Transmission Company, a subsidiary of Tejas Gas Corp. TransTexas is engaged in the exploration, production and transmission of natural gas and oil, primarily in South Texas, including the Eagle Bay field in Galveston Bay Noun 1. Galveston Bay - an arm of the Gulf of Mexico in Texas to the south of Houston Lone-Star State, Texas, TX - the second largest state; located in southwestern United States on the Gulf of Mexico and the Southwest Bonus field in Wharton County. Information on the Company, including the Company's filings with the Securities and Exchange Commission, may be found on the Internet at www.transtexasgas.com. Except for the historical information contained herein, the matters set forth in this news release may contain forward looking statements that involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward looking statements. Potential risks and uncertainties include such factors as fluctuations in natural gas and crude oil pricing over which the Company has no control, the ultimate success of exploration drilling programs, the competitive nature of the oil and gas exploration, development and production industries and the uncertainties associated with the drilling, completing and operating of natural gas and oil wells. Investors are directed to consider such risks and other uncertainties discussed in documents filed by the Company with the Securities and Exchange Commission. |
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