Reference is made to the stock exchange notice published by Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) on 11 January 2015 regarding the appointment of Rod Starr as the next Chief Executive Officer of Polarcus.
The Company is pleased to announce that effective today, Rod Starr has assumed the role of Chief Executive Officer of Polarcus.
Commenting on his appointment, Rod Starr, CEO Polarcus, said: "I am delighted to be appointed as Polarcus' new CEO and very excited to be joining such a progressive company. Since its launch in 2008, Polarcus has attracted exceptional talent and taken enormous strides in a highly competitive industry. The Company has quickly earned a reputation for exceptional service quality while setting the benchmark for environmental leadership within the sector. The market environment today is clearly challenging, and I am looking forward to meeting all of our stakeholders and leading the Company through the current cycle for the next phase of growth."
Rod has over 30 years industry experience, starting his career with Unocal where he spent 16 years in various planning and financial roles before moving into the oil services sector where he has held senior sales, business development, marketing and managerial positions. Prior to joining Polarcus, Rod worked for TGS-NOPEC Geophysical Company where he held several senior management positions worldwide, most recently as Senior Vice President, Western Hemisphere. Rod holds a degree in Business/Finance from San Diego State University in the USA.
Rod Starr, CEO Polarcus, +971 4 436 0800 / +971 56 993 9978
Tom Henrik Sundby, CFO Polarcus, +971 4 436 0800 / +971 50 708 6480
Polarcus (OSE: PLCS) is an innovative marine geophysical company with a pioneering environmental agenda, delivering high-end towed streamer data acquisition and imaging services from Pole to Pole. Polarcus operates a fleet of high performance 3D seismic vessels incorporating leading-edge maritime technologies for improved safety and efficiency. Polarcus offers contract seismic surveys and multi-client projects with advanced onboard processing solutions and employs over 600 professionals worldwide. 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)