CORP / Constellation Oil & Gas Ltd. Announces Management Change
ASE SYMBOL: CSK.A
FEBRUARY 17, 1998
CALGARY, ALBERTA--Constellation Oil & Gas Ltd. announces that
Richard Chisholm, Vice-President, Exploration and Norman Johnson,
Vice-President Finance & Administration have terminated their
respective positions with the Corporation. Both gentlemen have
agreed to provide assistance to the Corporation during a period of
transition.
It was previously announced that Mr. Zahid J. Kiani, who was
originally elected as director on July 2, 1997, has been appointed
Chairman of the Board. Mr. Kiani brings an international scope to
the position of Chairman as he operates out of offices in Europe
and Pakistan. The Board has also appointed an additional
director, Dr. Asef Ali Syed, a businessman of Vancouver, British
Columbia. Dr. Syed brings further international experience to the
Corporation. The Corporation also announced the appointments of
two Board committees, comprising the Audit Committee, the members
of which are Mr. Clifford James, Dr. Waseem Rahman and Mr, Afzal
Mahmood and the Compensation Committee, the members of which are
Mr. Lutfur Khan, Mr. Jan Horesji and Dr. Asif Syed. Mr. Zubair
Hashmi has been appointed President of the Corporation and Dr.
Waseem Rahman has been appointed Executive Vice-President of the
Corporation.
The Corporation is in the process of consolidating its assets to
manageable core areas which it intends to enhance. The
Corporation intends to divest itself of several other areas.
Coupled with its domestic activity in western Canada, certain
members of the Board are seeking out international oil & gas
opportunities for the Corporation. |
