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Strategic Oil & Gas Names New Chair

By: MT Newswires
Posted: 5/13/2013 1:46:00 PM
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Strategic Oil & Gas Ltd. (SOG.V) has named Thomas Claugus as the chairman of the company's board of directors. Claugus is the president and majority shareholder of GMT Capital Corp. which he founded in 1990. The appointment was announced at Strategic's annual meeting last week.

Arn Schoch, one of the founding members of the company, has stepped down from the board in order to pursue other business interests. Schoch was the company's chief executive officer from 2004 to 2012.

Rodger Hawkins, a chartered accountant with over 30 years of experience in audit and accounting focusing on junior public companies in the resource, technology and resource service sectors, was elected to the board.

Gurpreet Sawhney, currently president and chief executive officer of the company, was also elected to the board.

SOG shares were down two cents to $1.12.