Viking Energy Appoints John McVicar as Chief Financial Officer
Viking Energy Group, Inc. (OTCQB:VKIN) announced the appointment of John McVicar as its new Chief Financial Officer, replacing Frank Barker, who will continue as a consultant. McVicar brings over 30 years of international business experience in finance and management consulting, previously serving in notable positions including CFO of a TSX-listed company. James Doris, CEO, highlighted McVicar's role in advancing the company's growth and profitability strategy, including new acquisitions and technology monetization.
- Appointment of John McVicar brings extensive finance experience.
- Leadership change expected to support growth and profitability strategy.
- Transition may lead to continuity concerns with change in CFO.
HOUSTON, TX / ACCESSWIRE / June 14, 2022 / Viking Energy Group, Inc. (OTCQB:VKIN) ("Viking" or the "Company") is pleased to announce that John McVicar, CPA, CA, MBA, ICD.D, has been appointed the Chief Financial Officer of the Company, replacing Frank Barker, who will remain with the Company as a consultant on an as-needed basis.
Mr. McVicar brings more than 30 years of international business experience in Management Consulting and Finance. His previous roles include Consulting Partner at a Big 4 firm, CFO of a TSX-listed company and several regional finance leadership roles with large U.S. and Canadian multinationals in Canada, the U.S., South America and Asia. Mr. McVicar is a CPA, CA and received an MBA from Duke University and a B. Comm from Queen's University.
James Doris, President and Chief Executive Officer of Viking, commented, "We are grateful for Frank's contributions to the company over the past few years, and are pleased to have John join the executive team to assist with executing on the next phase of our growth & profitability strategy, including with respect to new acquisitions and the monetization of our innovative technologies."
About Viking:
Based in Houston, Texas, Viking Energy Group, Inc. is a growth-oriented diversified energy company. Through various majority-owned subsidiaries, Viking provides custom energy & power solutions to commercial and industrial clients in North America and owns interests in oil and natural gas assets in the United States. The company also holds an exclusive license in Canada to a patented carbon-capture system and owns a majority interest in entities with intellectual property rights to a fully developed, patent pending, ready-for-market proprietary: (i) Medical & Bio-Hazard Waste Treatment system using Ozone Technology; and (ii) Open Conductor Detection systems. For more information, please visit the company's website at www.vikingenergygroup.com.
Forward-Looking Statements
This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Any statements that are not historical facts contained in this press release are "forward-looking statements", which statements may be identified by words such as "expects," "plans," "projects," "will," "may," "anticipates," "believes," "should," "intends," "estimates," and other words of similar meaning. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of global economic conditions or economic conditions with respect to the oil and gas industry, the COVID-19 pandemic, the performance of management, actions of government regulators, vendors, and suppliers, our cash flows and ability to obtain financing, competition, general economic conditions and other factors that are detailed in Viking's filings with the Securities and Exchange Commission. We intend that all forward-looking statements be subject to the safe-harbor provisions.
Contact Information
Investors and Media:
Tel. 281.404.4387 (ext.3)
SOURCE: Viking Energy Group, Inc.
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