Vivakor Expands Leadership Team to Drive Growth and Efficiency
Vivakor Expands Leadership Team
Strategic COO and CFO Appointments Enhance Operational and Financial Capabilities
Vivakor, Inc. (NASDAQ: VIVK), a leading provider of energy transportation, storage, reuse, and remediation services, is excited to announce the addition of Kimberly Hawley as Executive Vice President and Chief Financial Officer, along with Les Patterson as Executive Vice President and Chief Operating Officer.
Key Appointments Boost Strategic Focus
James Ballengee, the Chairman, President, and CEO of Vivakor, expressed his enthusiasm about the new appointments: "I couldn't be more pleased with the appointments of Les and Kimberly. Their diverse backgrounds and extensive experience will be critical as we strive for profitability and efficient scalability. Their leadership enhances our capacity to deliver transparency and long-term value to our stakeholders."
Financial Leadership Redefined
With over 25 years in financial leadership, Ms. Hawley brings deep expertise in corporate finance, strategic planning, and regulatory compliance to Vivakor. Her previous roles in the energy, infrastructure, and logistics sectors have established her as a highly respected figure in financial stewardship. The focus she intends to bring encompasses SEC and GAAP reporting, SOX compliance, and audit management, all crucial in enhancing Vivakor's financial reporting framework.
Ms. Hawley shared her excitement about joining Vivakor, saying, "Vivakor is at an inflection point, and I'm thrilled to be part of a team dedicated to operational excellence and strategic growth. My attention will focus on reinforcing financial discipline, enhancing reporting standards, and aligning our financial strategies with our operational objectives."
Operational Excellence in Focus
On the operational side, Mr. Patterson offers over 30 years of experience across the domestic and international oil and gas sectors. He has effectively managed key operations roles in several notable energy corporations, including BP, ExxonMobil, Chevron, and Shell. His proven track record covers both onshore and offshore operations, leading high-stakes capital projects ensuring precise technical execution, cost efficiency, and regulatory adherence.
As he steps into his new role, Mr. Patterson said, "My focus will be on fostering operational excellence, optimizing our asset base, and driving new revenue opportunities towards achieving sustainable long-term value creation for Vivakor."
About Vivakor, Inc.
Vivakor is dedicated to innovating in the energy sector, aiming to develop and operate assets and technologies that streamline energy transportation, storage, and remediation services. Through its integrated facilities, Vivakor manages oil storage, transportation, and remediation services under long-term contracts. The commitment to recovery, reuse, and responsible disposal of oilfield waste highlights Vivakor's role in promoting sustainable practices in the energy industry.
Frequently Asked Questions
What are the new roles of Kimberly Hawley and Les Patterson at Vivakor?
Kimberly Hawley is now the Chief Financial Officer, focusing on financial leadership, while Les Patterson serves as Chief Operating Officer, emphasizing operational efficiency.
How does Vivakor plan to achieve its operational goals?
With the new leadership in place, Vivakor aims to optimize existing assets and explore new revenue streams to drive profitability and growth.
What sectors does Vivakor operate in?
Vivakor operates primarily in energy transportation, storage, reuse, and remediation services within the energy sector.
What qualifications does Kimberly Hawley bring to Vivakor?
With over 25 years of experience in corporate finance and a background in various sectors, she brings valuable insights into financial strategy and reporting.
How does Les Patterson’s experience impact Vivakor's operations?
His extensive background in managing critical operations within top energy firms equips him to enhance operational efficiency and revenue growth at Vivakor.
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