People: Warren Resources Inc (WRES.OQ)

WRES.OQ on NASDAQ Stock Exchange Global Select Market

5.17USD
17 Apr 2014
Price Change (% chg)

$0.36 (+7.48%)
Prev Close
$4.81
Open
$4.81
Day's High
$5.43
Day's Low
$4.81
Volume
617,260
Avg. Vol
247,060
52-wk High
$5.43
52-wk Low
$2.46

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Summary

Name Age Since Current Position

Philip Epstein

58 2012 Chairman of the Board, Chief Executive Officer

Stewart Skelly

38 2013 Chief Financial Officer, Vice President

Saema Somalya

2014 Senior Vice President, General Counsel, Corporate Secretary

Dominick D'Alleva

61 2012 Lead Director

Thomas Noonan

74 1997 Director

Espy Price

71 2012 Director

Marcus Rowland

60 2012 Director

Chet Borgida

68 2003 Independent Director

Anthony Coelho

70 2001 Independent Director

Leonard DeCecchis

64 2006 Independent Director

Biographies

Name Description

Philip Epstein

Mr. Philip A. Epstein has been appointed as Chairman of the Board, Chief Executive Officer of Warren Resources Inc. effective December 5, 2012. Mr. Epstein has over 20 years of experience as a senior executive in the global oil and gas industry. In 1992, he played an active role in the founding of Belco Oil & Gas Corp. ("Belco") and served in senior executive positions. Belco was a leading independent oil and gas company with operations initially focused on tight gas sand reservoirs in the Moxa Arch trend of Southwest Wyoming and horizontal drilling in the Austin Chalk trend of Texas. Belco grew in four years to $105 million of EBITDA and was taken public on the NYSE in a 1996 initial public offering valuing the company at $600 million. In 1997, Belco acquired Coda Energy, Inc., a Permian Basin and Mid-Continent oil producer specializing in secondary oil recovery operations, in a $324 million transaction. In 2001, Belco merged in a stock swap with Westport Resources Corporation. Following Belco, Mr. Epstein co-founded and formerly served as a managing partner of Calypso Energy LLC, a privately held international oil and gas company, which manages oil and gas drilling funds focused on the Mid-Continent and Gulf Coast areas of the United States. In 2002, Mr. Epstein also expanded into the renewable energy area co-founding Superior Renewable Energy LLC, a leading wind energy developer with projects in California, New Mexico, South Dakota and Texas. Superior was sold to Babcock & Brown in 2006 in an all-cash transaction. From 1988 to 1992, Mr. Epstein practiced corporate finance and M&A law at Fried Frank Harris Shriver & Jacobson. He holds a bachelor's degree from the University of Chicago, a master's (Oxon) in politics and economics from Oxford University and a juris doctor from Northwestern University Law School. Mr. Epstein formerly served as special advisor to the International Family AIDS Program and is a past Director of the Juvenile Diabetes Research Foundation (NY Chapter).

Stewart Skelly

Mr. Stewart P. Skelly serves as Chief Financial Officer, Vice President of Warren Resources, Inc. Prior to his appointment to the position of Vice President and Chief Financial Officer on July 8, 2013, Mr. Skelly had served as the Company’s Corporate Controller since 2002 and was appointed as a Vice President in March 2004. From 2000 to 2002, he served as the company’s Assistant Controller. From 1997 to 2000, Mr. Skelly was employed by News Corp., a global media company, attaining the level of Accounting Manager. From 1992 to 1997, Mr. Skelly was employed by Kearney McArdle, a public accounting firm in Ireland, attaining the level of Audit Senior. Mr. Skelly is a graduate of Griffith College Dublin and is a Chartered Certified Accountant.

Saema Somalya

Ms. Saema Somalya is the Senior Vice President, General Counsel, Corporate Secretary of the Company. Ms. Somalya is an experienced corporate and securities attorney with a focus on public company management. She is joining Warren Resources from PepsiCo, Inc., where she was Senior Legal Director and Corporate Counsel with responsibility for a wide variety of corporate, securities and public disclosure matters. Prior to joining PepsiCo in 2009, Ms. Somalya was an associate in the corporate and securities practices of several top tier law firms, including Davis Polk & Wardwell LLP and Morgan, Lewis & Bockius LLP. Ms. Somalya received her J.D. from Yale Law School in 2002 and her B.A. in Political Science, magna cum laude, from Yale University in 1999. She is a member of the State Bar of New York.

Dominick D'Alleva

Mr. Dominick D'Alleva is the Lead Director of Warren Resources, Inc. He was our Secretary until 2002 and became an independent director thereafter. Additionally, from 1995 to the present, he has been a principal with D and D Realty Company, LLC, a privately owned New York limited liability company involved in the acquisition and financing of real estate. From 1986 to 1995, he was engaged in residential New York City real estate for his own account and as general counsel to various real estate acquisition firms, where he negotiated contracts for the acquisition and financing of commercial real estate. From 1983 to 1985, he served as Executive Vice President, Director and General Counsel of Swanton Corporation, which engaged in energy, retail and financial services businesses. From 1980 to 1983 he was Associate Counsel of Damson Oil Corporation. From 1977 to 1980 he was an associate with Simpson, Thatcher & Bartlett specializing in securities and corporate law. Mr. D'Alleva received a Bachelor of Arts degree Summa Cum Laude from Fordham University in 1974 and earned his Juris Doctor degree with honors from Yale University in 1977.

Thomas Noonan

Mr. Thomas G. Noonan serves as Director of Warren Resources, Inc., since November 1997. Until March 16, 2006 he served on the Compensation Committee of the Board. From 1980 to 1997, he served as Manager of Quality Assurance for Mars, Inc., an international food and candy company. From 1961 to 1979, he was a microbiologist for the Environmental Department of the State of New York. Mr. Noonan's tenure at the New York State Health Dept. and M/M Mars has afforded him experience in the areas of environmental health, risk and crisis management, quality assurance system design implementation and monitoring, facility inspection, regulatory affairs and facility certification. Mr. Noonan received a Bachelor of Science degree from Fordham University in New York in 1959. He is the brother-in-law of Mr. Norman F. Swanton.

Espy Price

Mr. Espy P. Price is Director of Warren Resources, Inc. He resigned as Interim Chairman of the Board and Chief Executive Officer of the company effective December 5, 2012.Mr. Price retired in late 1999 as Vice President and General Manager of Chevron's Mid-Continent Business Unit, where he was responsible for all onshore USA exploration and production. From 1992 to 1996, he was Vice President of Chevron Overseas Petroleum, Inc., where he was responsible for Chevron's joint venture in the Republic of Kazakhstan. From 1990 to 1992, he was Vice President of Chevron's Gulf of Mexico Business Unit. From 1985 to 1990, he was employed at P.T. Caltex Pacific Indonesia, where he was Executive Vice President and Managing Director. From 1965 to 1985, he held various petroleum engineering positions with Chevron. Mr. Price earned a Bachelor of Science in Petroleum Engineering in 1963 and a Master of Science in Petroleum Engineering in 1969 from the University of Southwestern Louisiana.

Marcus Rowland

Mr. Marcus C. Rowland has been appointed as Director of Warren Resources, Inc., effective December 20, 2012. Mr. Rowland is the former Executive Vice President and Chief Financial Officer of Chesapeake Energy Corporation, where he worked for 18 years. Recently, he served as the Chief Executive Officer at FTS International, Inc. (formally Frac Tech International, LLC). He served as the President and Chief Financial Officer of Frac Tech Services, LLC and Frac Tech International, LLC from November 2010 to May 2011. Mr. Rowland served as the Chief Financial Officer of Chesapeake Energy Corporation from 1993 to August 2010, Executive Vice President of Finance from 1998 to August 2010, Senior Vice President from 1997 to 1998 and Vice President of Finance from 1993 to 1997. Mr. Rowland served as Chief Operating Officer of Anglo-Suisse, LP from 1990 to 1993, assigned to the White Nights Russian Enterprise, a joint venture of Anglo-Suisse, LP and Phibro Energy Corporation, a major foreign operation which was granted the right to engage in oil and gas operations in Russia. Mr. Rowland is a Certified Public Accountant. He graduated from Wichita State University in 1975.

Chet Borgida

Mr. Chet Borgida serves as Independent Director of Warren Resources Inc. He also serves as a member of the company's Audit Committee, which he chairs, and the company's Compensation Committee. Mr. Borgida has more than 30 years of domestic and international management experience in auditing and advising retail, distribution and media businesses. He was a partner at Grant Thornton LLP (Warren's independent auditors) from 1977 to 2001. While at Grant Thornton LLP, Mr. Borgida had no involvement in the review or preparation of Warren's audited financial statements. From 2002 until 2005 when it was acquired by another company, he was a Director and Audit Committee Chair of Correctional Services Corp., a NASDAQ listed company. From 2007 until December 2009 when it was acquired by another company, Mr. Borgida was a director of MTS Medication Technologies, Inc., a NASDAQ listed company, of which he was appointed lead director in 2009 and a member of the Audit Committee. He graduated from Hunter College with a Bachelor Degree in Business Science in 1967. Mr. Borgida is a retired Certified Public Accountant.

Anthony Coelho

Mr. Anthony L. Coelho serves as Independent Director of Warren Resources, Inc., since May 2001. He serves on the Compensation Committee, which he chairs, and the Corporate Governance Committee of the Board.From December 2000 to the present, Mr. Coelho has devoted his time to serving on the boards of directors listed below and as an independent consultant and adviser. From 1998 through November 2000, he served as the General Chairman for the U.S. Presidential campaign of Vice President Al Gore. From 1995 to 1998, he was Chairman and Chief Executive Officer of ETC w/tci, Inc. an education and training technology company in Washington, D.C. and from 1990 to 1995, he served as President and CEO of Wertheim Schroeder Investment Services, Inc. From 1978 to 1989, he served five terms in the U.S. Congress, representing the State of California as a member of the U.S. House of Representatives. During his congressional terms, he served as Democratic Majority Whip from 1987 to 1989 and authored the Americans with Disabilities Act. Congressman Coelho was also appointed chairman of the President's Committee on the Employment of People with Disabilities by President Clinton. Congressman Coelho has served on a number of corporate boards. In the last five years he has served on the boards CepTor Corporation, Cyberonics, Inc., Stem Cell Innovation, Inc., Universal Access Global Holdings, Inc, and since 1991, he has been a member of the Board of Service Corporation International, a publicly traded company. Congressman Coelho earned a Bachelor of Arts degree in Political Science from Loyola Marymount University in 1964.

Leonard DeCecchis

Mr. Leonard DeCecchis serves as Independent Director of Warren Resources, Inc., since September 2006. He serves on the Audit Committee of the Board.Mr. DeCecchis retired from Prestone Products Corporation, where he was Executive Vice President and Chief Financial Officer of Prestone Products Corporation and a member of its board of directors until June 1999, and has been an investor in real estate and numerous business ventures since that time. In 1994, Mr. DeCecchis participated in a management buyout of Prestone antifreeze and other car care products from First Brands Corporation, a NYSE company. The new Prestone management team was successful in growing sales and doubling operating income within three years. In 1997, the company was sold to Allied Signal Corporation. From 1986 to 1994, Mr. DeCecchis was Vice President and Treasurer of First Brands Corporation, which had also been a management buyout of the automotive and home products divisions of Union Carbide Corporation. Mr. DeCecchis joined Union Carbide in 1974 and held numerous positions in auditing, treasury and financial reporting. In 1971, Mr. DeCecchis began his career at Peat Marwick Mitchell & Co. Mr. DeCecchis received a Bachelor's degree from Pace University in 1971 and a Master of Business Administration from Fordham University in 1979. He was previously a Certified Public Accountant in New York.

Basic Compensation

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