Spectraseis: Todd Chuckry Named Interim CEO

Spectraseis, the technology leader in microseismic fracture imaging, stimulation evaluation and seismic monitoring, has appointed Todd Chuckry as interim CEO, to be confirmed in the next shareholders and Board of Directors meeting. Mr. Chuckry has been the VP of Sales and Business Development prior to this appointment.

Todd joined Spectraseis in July 2011 from Calmena Energy Services, where he provided consulting in the area of microseismic. Prior to his work with Calmena, Todd was the founder, President and CEO of Request Seismic Surveys and BlueGrouse Seismic Solutions. Todd founded Request as a land seismic services company in 1989 and by 1994 Request was one of the largest multi-client data providers acquiring approximately 1,000 km of 2-D data each year. Request went public in 1997, becoming the largest seismic data owner in Canada at the time with annual sales of $100 million. In 1999 Todd was recognized as one of Canada’s “40 under 40”. In 2000 Request was reorganized into an income Trust and sold for $128 million at which time Todd moved on. In 2003 Todd founded BlueGrouse Seismic Solutions and grew the company as a data owner with sales in its final year of $42 million; BlueGrouse was sold to a competitor 2007.

Spectraseis also announces that effective immediately Ross Newman will be stepping down as CEO. Mr. Newman has served Spectraseis as the company’s CEO since the founding of the company. Mr. Newman has also resigned from his positions as Director in both Spectraseis AG and Spectraseis Canada Inc.

New Spectraseis interim CEO Todd Chuckry said:

“I would like to thank Mr. Newman for his many years of service to Spectraseis.  Under Mr. Newman’s stewardship, Spectraseis has become a technology leader in microseismic fracture monitoring and stimulation evaluation. Spectraseis will continue to provide these services to many of the world’s leading E&P firms, providing a competitive advantage to its customers through cutting-edge innovations.

I am honored to assume to the role of interim CEO of Spectraseis.  The strength of our management team and the commitment of our employees will allow us the ability to further expand both our offerings and customer base.

Both I and the Spectraseis team are extremely excited about the future ahead and the opportunities that have been and will be presented.  The management and staff of Spectraseis would like to thank its customers and its stakeholders for their continued support.  We will continue to provide the results that customers deserve. The company will be providing a corporate / operations update shortly.”