CALGARY, Alberta, Aug. 23, 2023 (GLOBE NEWSWIRE) — Parex Resources Inc. (\u201cParex\u201d or the \u201cCompany\u201d) (TSX: PXT) is pleased to announce the appointment of Sanjay Bishnoi to Chief Financial Officer, effective October 2, 2023.<\/p>\n
\u201cWe are excited to welcome Sanjay to the Parex team,\u201d said Imad Mohsen, President & Chief Executive Officer. \u201cBringing an extensive international background in strategy, corporate finance and executive leadership, he has demonstrated a track record of enhancing shareholder value through an entrepreneurial and commercial mindset.\u201d<\/p>\n
Mr. Bishnoi is a proven Chief Financial Officer with over 25 years of financial and leadership experience, primarily in the energy sector. Most recently, he held the position of Chief Financial Officer at TotalEnergies EP Canada. Prior to that role, he served as the Chief Financial Officer and Senior Vice President of Enerflex from 2019 to 2023, where he led all financial and reporting aspects of the global natural gas infrastructure company. From 2015 to 2019, he was a co-founder and served as the Chief Financial Officer of Caprock Midstream, a privately held midstream operator in the Delaware basin. His career has also encompassed financial and operational roles with organizations such as GE, The Dow Chemical Company, El Paso Global LNG, The Boston Consulting Group, and Imperial Oil.<\/p>\n
Mr. Bishnoi holds an MBA from the University of Chicago, a Ph.D. in Chemical Engineering from the University of Texas at Austin, and a B.Sc. in Chemical Engineering from the University of Calgary.<\/p>\n
\u00abI am very enthusiastic about becoming a member of the Parex team,\u00bb said Sanjay Bishnoi. \u00abThe world-class portfolio of assets, combined with the promising opportunity set in Colombia, has positioned the Company to continue delivering significant shareholder value in the years to come.\u201d<\/p>\n
Mr. Bishnoi will succeed Ken Pinsky, who, as previously announced, is electing to retire. Mr. Pinsky joined Petro Andina, Parex\u2019s predecessor, in 2008 as Vice President, Finance, and Chief Financial Officer, and has been the Chief Financial Officer of Parex since its inception. Following Mr. Bishnoi\u2019s appointment, Mr. Pinsky will remain with the Company until November 30, 2023, to ensure a smooth transition.<\/p>\n
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