HOUSTON, TX--(Marketwire - May 18, 2011) - MicroSeismic Inc. announced today that Ron Warren is retiring from MicroSeismic, and named Ron Mogel as Chief Financial Officer. Warren will work closely with Mogel over the next several weeks to ensure a smooth transition, leaving the Company in June.
"Ron [Warren] has provided sound financial leadership during an important period of growth for MicroSeismic," said Peter Duncan, Founder and President, MicroSeismic. "I would like to thank him for his significant contribution to the company and wish him well in his new endeavors."
"It has been an exciting five years," said Ron Warren. "I've enjoyed the challenge of directing MicroSeismic's financial operations through a time of extraordinary growth. I believe MicroSeismic is well-positioned to continue on this trajectory given the outstanding service ethic of its people coupled with the unparalleled fracture monitoring solutions we deliver to our clients."
"Ron Mogel brings significant expertise in corporate finance, governance, and compliance to MicroSeismic," said Peter Duncan. "We believe Ron's unique combination of business, financial and legal skills will provide the financial direction needed as demands for our services continue to increase."
"I'm excited to assume the role of CFO," said Ron Mogel. "I would like to thank Ron (Warren) for the work he's done in building a strong financial foundation. I look forward to working closely with our management team and Board of Directors to continue MicroSeismic's strategic and disciplined growth in the years ahead."
Mogel has more than twenty-five years of accounting and managerial experience in the domestic and international sectors.
Mogel holds an M.B.A. from the University of St. Thomas, is a graduate of the Loyola University School of Law and a member of the Louisiana State Bar. His undergraduate degree is from the University of New Orleans and he is a licensed C.P.A. in the State of Louisiana.
About MicroSeismic
MicroSeismic, Inc. is a global geophysical service company providing real-time monitoring and mapping of hydraulic fracture operations for developing unconventional oil and gas plays. Founded in 2003, MicroSeismic is the pioneer in monitoring microseismic activity utilizing surface and near-surface arrays. Operators use the real-time information on fracture location and geometry to increase production and recovery while decreasing cost and risk. For more information, visit www.microseismic.com.
Contact Information:
Contact:
Kelly Weber
kweber@microseismic.com
713-443-9164