Glori Energy CEO resigns

Stuart Page has resigned as CEO of Glori Energy Inc. (NASDAQ: GLRI) and as a member of the board of directors effective June 8, 2016. He will continue as a senior advisor to the company. The energy technology and oil production company has named Kevin Guilbeau as interim CEO. Guilbeau will also continue in his current role as executive chairman of the board. 

In addition, Eric (Rick) Neuman, current Glori director, has been appointed co-chairman of the board.

Guilbeau has over 34 years of oil and gas exploration and production experience. Most recently he was president and CEO of Gulf Coast Energy Resources, which he founded in 2010 and led it from a private equity start-up through growth via acquisitions and exploration until it merged with Talos Energy in March 2015.  Prior to founding Gulf Coast Energy Resources, Guilbeau was executive vice president and COO for LLOG Exploration Co. from 2006 until 2009, with responsibility for leading offshore E&P operations in the Gulf of Mexico and onshore operations along the Gulf Coast.  Guilbeau holds a bachelor’s degree in Earth Sciences from the University of New Orleans and an MS degree in Geology from the University of New Mexico.

Neuman currently serves as a managing director of Hicks Equity Partners LLP (HEP), a position he has held since he joined the firm in 2005. Previously, Neuman was a partner of Hicks, Muse, Tate & Furst. He received a bachelor’s degree from the University of South Florida and his MBA from the Kellogg School of Management at Northwestern University.

Houston, TX-based Glori Energy deploys its proprietary AERO technology to increase the amount of oil that can be produced from conventional oil fields. Glori owns and operates oil fields onshore US and additionally provides its technology as a service to E&P companies globally. 

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