Hyperdynamics Corp. announced that it has appointed Paul C. Reinbolt as its new Chief Financial Officer and Executive Vice President. Reinbolt will join the company effective August 8.
Reinbolt is retiring from Marathon Oil Corporation after more than 30 years with the company, most recently serving as Vice President-Finance and Treasurer. In this role he was responsible for completing the financing and financial restructuring for Marathon’s spin-off of its downstream operations from the exploration and production businesses on June 30.
“ We are delighted that Paul has agreed to join the Hyperdynamics team, ” said Ray Leonard, Hyperdynamics President and Chief Executive Officer . “ As we continue to grow as a company, his extensive experience in the E&P business across a broad range of financial disciplines — including corporate and project finance, M&A, accounting, budgeting, forecasting and tax — will be invaluable .”
“ Following Marathon’s separation from U.S. Steel Corporation at the end of 2001, Paul successfully recruited and trained a finance organization to support Marathon’s global oil and gas operations. We will look to him to build the financial capabilities that Hyperdynamics will need for its future growth, ” Leonard added.
Reinbolt joined Marathon in 1980 and held various positions in finance, treasury and accounting within the Marathon corporate family, which once included USX Corporation and U.S. Steel. His assignment locations included New York, London and Houston.
He holds a Bachelor of Science degree in accounting and a Master of Business Administration degree in finance from Miami University in Oxford, Ohio. He is on the Board of Directors of Oil Investment Corporation Ltd. and Oil Casualty Investment Corporation Ltd. He also serves as a member of the Business Advisory Council for the Farmer School of Business at Miami University.
Hyperdynamics Vice President-Finance Jason Davis and Controller David Wesson will report to Reinbolt.
[mappress] Source: Hyperdynamics Corp . , July 8, 2011;