ION Geophysical Corp. (NYSE: IO) reports the resignation of its senior vice president and CFO, Greg Heinlein, who is leaving the company to pursue other interests. ION has named Steve Bate as its executive vice president and CFO. Bate was previously executive vice president and COO of ION's Systems division.
Bate joined ION in 2005 as CFO for the company's Solutions business. In 2007, he became senior vice president of ION's Sensor business, and, in 2009, his role broadened to include leadership of ION's Land Imaging Systems division. Following the formation in March 2010 of INOVA Geophysical, ION's joint venture with BGP, Bate was appointed INOVA's first president and CEO and served in that role for two and a half years. In 2013, Bate was named executive vice president and COO of ION's Systems division. Prior to joining ION, he was president of a $300 million residential construction company, and founded his own consulting business to help lead organizations through change. Bate holds a Bachelor of Business Administration degree from the University of Houston.