HOUSTON, Aug. 19 /PRNewswire-FirstCall/ -- Geokinetics Inc. (NYSE Amex: GOK) today announced that Ronald D. Cayon has been appointed as the Company's interim Chief Financial Officer, effective today August 19, 2010, pending completion of a search for a permanent replacement. Mr. Cayon currently serves as a consultant to the Company and has been acting as interim Chief Accounting Officer since March 2010.
Scott A. McCurdy, Senior Vice President and Chief Financial Officer, resigned from his position effective August 18, 2010. Mr. McCurdy previously informed the Company's board of directors and senior management of his intention to resign in May 2010 and subsequently agreed to delay his departure to assist through the second quarter 2010 reporting period.
Richard F. Miles, President and Chief Executive Officer, commented, "Scott McCurdy has been an outstanding member of the leadership team since joining Grant Geophysical in July of 2001. During his 9 year tenure he has been instrumental in transforming Geokinetics into a recognized global leader in seismic data acquisition and processing. We will miss his intelligence, dedication and strong work ethic and wish Scott well in his future endeavors.
"The search for a permanent CFO is progressing nicely, as we have interviewed a number of qualified candidates, and we are optimistic we will complete the search process in the near term. In the meantime, Ron Cayon is a highly skilled and experienced professional that will step into the interim CFO role seamlessly. His attention to detail and proficient financial reporting knowledge will serve the Company well."
Mr. Cayon has over 30 years of relevant experience, which includes serving as the Chief Financial Officer or Managing Director of both public and private companies with exposure to domestic and international markets, and he is currently a Partner at Tatum LLC, the nation's largest executive services firm. Mr. Cayon earned a Master of Business Administration degree and a Bachelor of Science degree at Bentley University, and he is a Certified Public Accountant.
About Geokinetics Inc.
Geokinetics Inc. is a leading provider of seismic data acquisition, seismic data processing services and multi-client seismic data to the oil and gas industry worldwide. Headquartered in Houston, Texas, Geokinetics is the largest Western contractor acquiring seismic data onshore and in transition zones in oil and gas basins around the world. Geokinetics has the crews, experience and capacity to provide cost-effective world class data to our international and North American clients. For more information on Geokinetics, visit http://www.geokinetics.com/.
Contact: Scott M. Zuehlke Director of Investor Relations Geokinetics Inc. (713) 850-7600
Geokinetics Inc.
CONTACT: Scott M. Zuehlke, Director of Investor Relations of Geokinetics
Inc., +1-713-850-7600
Web Site: http://www.geokinetics.com/
