Adams Resources & Energy Inc. (NYSE MKT-AE) has increased its board of directors to seven positions with the appointments of Michelle A. Earley and Murray E. Brasseux to the board, effective March 17. These appointments increase the board's independent director positions from the current three to five positions.
Earley is a partner with the law firm of Locke Lord LLP. She has experience in capital markets and mergers and acquisition transactions, as well as advising clients on securities regulation and offerings and corporate governance. She is a member of the Locke Lord Practice Development Committee, Women's Initiative Committee, and Diversity Committee, and is a hiring partner for the Austin, Texas, office. Earley graduated from Texas A&M University, and has a juris doctor degree from Yale Law School.
Brasseux recently retired as the managing director of oil and gas finance at BBVA Compass Bank. His banking experience included energy lending positions with Bank One, Mcorp, and Bank of the Southwest. Brasseux also spent several years as a co-founder and vice president of finance of a private exploration company in Louisiana. Brasseux obtained a Bachelor of Science degree in finance, along with a Master of Science degree in finance, from Louisiana State University.
The board of directors also appointed Sharon C. Davis as executive vice president and COO. Davis was originally employed by the company in 1992 and has served as the company's treasurer and chief accounting officer since May 2009. She is a certified public accountant in the state of Texas.
Townes G. Pressler, currently the director and chairman of the Nominating and Compensation committees, will also assume the additional duties of vice chairman of the board of directors.
Adams Resources & Energy Inc., through its subsidiaries, is engaged in the business of marketing crude oil, tank truck transportation of liquid chemicals; and oil and gas exploration and production.