Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) is pleased to announce the appointment of Mr. Duncan Eley as Chief Operating Officer ("COO") of the Company.
Effective May 01, 2013, Mr. Eley will assume the position of COO and head the Company's three business lines; Sales and Marketing, Multi-Client and Marine Acquisition, together with the EHSQ and Information Technology support departments. The establishment of this position is part of the natural development of the Polarcus organization and will provide greater alignment across the business lines in respect of the financial, efficient and safe operation of the Company.
Mr. Eley has extensive experience within the marine seismic industry, including 10 years with WesternGeco supporting marine seismic operations globally. Mr. Eley is currently Senior Vice President of Marine Acquisition at Polarcus.
Mr. Eley will also continue in the role of Senior Vice President of Marine Acquisition whilst a replacement is secured.
Rolf Rønningen, CEO Polarcus, +971 4 436 0800 / +971 50 459 6982
Tom Henrik Sundby, CFO Polarcus, +971 4 436 0800 / +971 50 708 6480
Polarcus (OSE: PLCS) is a pure play marine geophysical company with a pioneering environmental agenda, specializing in high-end towed streamer data acquisition from Pole to Pole. Polarcus operates a fleet of high performance 3D seismic vessels incorporating an innovative design and advanced maritime technologies for improved safety and efficiency. Polarcus offers contract seismic surveys and multi-client projects worldwide and employs over 500 professionals. The Company's principal office is in Dubai, United Arab Emirates. For more information, visit www.polarcus.com
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)