Recruitment: News for Oil & Gas and Hydrocarbon Industries  Membership Services »
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account Gulfoilandgas rss feed Follow us on Facebook  Jobs 
Products and vendors Services and providers Oil & Gas Software and publications

EXCO Appoints Mr. Ross as New Director

Source: www.gulfoilandgas.com 3/6/2012, Location: North America

Share |

EXCO Resources, Inc. announced that Wilbur L. Ross, Jr. has been appointed to its Board of Directors, effective March 2, 2012. Wilbur L. Ross, Jr., Chairman and CEO of WL Ross & Co. LLC, may be one of the best known private equity investors in the U.S. His private equity funds bought Bethlehem Steel and several other bankrupt steel producers and revitalized them into the largest U.S. producer before merging them into Mittal Steel for $4.5 billion. Mr. Ross remains a Director of what is now ArcelorMittal, the world's largest steel company. He also created and chairs International Textile Group, the most global American company in that industry; and International Auto Components Group, a $4.5 billion producer of instrument panels and other interior components, operating in 17 countries; Compagnie Europeenne de Wagons Sarl, the largest rail car leasing company in Europe; and American Home Mortgage Servicing Inc., the second largest servicer of subprime mortgages. He also chaired International Coal Group, which was sold to Arch Coal for $3.4 billion. He is a member of the Boards of AirLease Corp., Assured Guaranty, BankUnited and Greenbrier Companies, all NYSE-listed, of PLASCAR listed in Brazil, and of Sun Bancorp and Navigator Holdings, which are traded over the counter. He recently became Chairman of Diamond S Shipping which has committed to a 38 vessel crude and product tanker fleet.

Mr. Ross was Executive Managing Director of Rothschild Inc. for 24 years before acquiring that firm's private equity partnerships in 2000. He is a Board Member of Yale University School of Management, Partnership for New York City, Palm Beach Civic Association, Business Roundtable, The Dean's Advisory Board of Harvard Business School, The Committee on Capital Markets Regulation, The Harvard University Committee on University Resources, BritishAmerican Business, The Blenheim American Foundation, Palm Beach Preservation Foundation and the Chairman's Council of the U.S./India Business Council. He is Chairman of the Japan Society and Chairman of Palm Beach Firefighters Retirement Fund. President Kim Dae Jung awarded him a medal for his assistance in Korea's financial crisis, President Clinton appointed him to the Board of the U.S.-Russia Investment Fund and he served as Privatization Advisor to New York City Mayor Rudy Giuliani. China Institute has presented him with its Blue Cloud Award. Mr. Ross formerly served as Chairman of the Smithsonian Institution National Board. Bloomberg Business Week recently designated him one of the 50 most influential people in Global Finance. Mr. Ross is a graduate of Yale University and of Harvard Business School (with distinction). He is the only person elected both to the Private Equity Hall of Fame and the Turnaround Management Association Hall of Fame. As of February 7, 2012, investment funds managed by WL Ross & Co. LLC, collectively owned 13.7% of EXCO's outstanding common shares.

Douglas H. Miller, EXCO's Chairman and Chief Executive Officer, commented, "I am very pleased to welcome Wilbur Ross to EXCO's Board of Directors. The Board believes that adding Mr. Ross' perspective, not only as an investment professional but also as a substantial shareholder, will be very beneficial to EXCO's Board of Directors."

Recruitment News in United States >>

Continental Resigned President & Chief Operating Officer
  United States >>  9/11/2014 - Continental Resources, Inc. announced that W.F. "Rick" Bott, President and Chief Operating Officer, resigned to pursue other opportunities. His duties...
Continental Provide Resignation of President & Chief Operating Officer
  United States >>  9/11/2014 - Continental Resources, Inc. announced that W.F. "Rick" Bott, President and Chief Operating Officer, resigned to pursue other opportunities. His duties...

ABB Appoints David Constable as New Member in its Board
Switzerland >>  9/9/2014 - ABB’s Board of Directors has unanimously proposed David Constable as a new member. The shareholders will vote on his nomination at the company’s next ...
Eland Oil & Gas Changes the Board
  Nigeria >>  9/8/2014 - Eland Oil & Gas, the oil and gas exploration, development and production company with an initial focus on Nigeria and West Africa, is pleased to annou...

Sound Oil Appoints Luca Madeddu to the Board
  United Kingdom >>  9/8/2014 - Sound Oil, the Mediterranean focused upstream oil and gas company, is pleased to announce that Luca Madeddu, Sound Oil's Italian Managing Director, ha...
Itsa Energy Appoints Robert Wasson as New President
  United States >>  9/8/2014 - Flow Data announced sister company, Itsa Energy, has appointed Robert (Bob) Wasson as the new President, effective September 8, 2014. ...



Related Categories: Events  General  Legal  Petroleum Associations  Professional Associations  Recruitment  Sourcing & Procurement 

Related Articles: Events  General  Legal  Petroleum Associations  Recruitment  Sourcing & Procurement 


United States Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 |

More News

Oil & Gas Companies in United States >>

Related Links

Countries Quick Links

CA US
Gulf Oil and Gas E-Marketplace - Promote your Business - About Us
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us