Toreador Resources Corporation says that non-executive Chairman of the Board, Dr. Peter J. Hill, has resigned, providing additional time for his other business commitments.
Craig McKenzie, President and CEO of Toreador, said, "I would like to thank Peter for his role in leading the Board through a successful transformation and positioning Toreador for an upcoming period of growth and wish him all the best going forward."
Dr. Hill said, "My belief in the potential for development of oil producing assets in the Paris Basin is undiminished, and I am confident that the unique opportunity for France will be realized as political issues become resolved."
Dr. Hill will not be replaced on the Board of Directors, and the Board will be reduced to five members. The Board of Directors anticipates appointing a new non-executive Chairman at its meeting immediately after the Annual Meeting of Stockholders of Toreador on May 31, 2011.
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Toreador Resources Corporation
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