Royale Energy, Inc. makes changes to its senior management team. Jonathan Gregory has been appointed as Chief Executive Officer and Vice Chairman of the Board to spear-head a shift into an acquisition growth strategy for Royale. Donald Hosmer will be retaining his position as President - Business Development, and Stephen Hosmer remains as Chief Financial Officer and President. These changes will support this new growth strategy, and provide a streamlined process to evaluate and consider acquisition opportunities.
Jonathan Gregory joined the Board of Directors of Royale in June 2014. Prior to being appointed CEO and Vice Chairman, Jonathan was CFO of Americo Energy Resources, a private Houston based oil and gas company. Prior to this position, Mr. Gregory was Executive Vice President at Texas Capital Bank, directing the banks oil and gas lending operations in Houston. Mr. Gregory has spent a total of 25 years in the commercial banking sector, having been with Guaranty Bank and Bank One prior to his position at Texas Capital Bank.