FORT WORTH, Texas, Jan. 7, 2016 /PRNewswire/ -- Galenfeha, Inc. (OTC: GLFH) announces the appointment of Mark Warren, executive vice president, Steward Energy LLC, to the company's Board of Directors effective January 1, 2016. The company also announces the resignation of Galenfeha's founder and chairman, James Ketner.
Mr. Ketner founded Galenfeha in March 2013, and served as its president and CEO until April 2015, when he assumed the role of chairman. Under his leadership, the company opened a manufacturing/distribution facility in Shreveport, Louisiana; developed Galenfeha's proprietary LiFePO4 battery systems; acquired Daylight Pump; and began public trading under the ticker symbol GLFH.
"Galenfeha simply would not exist if not for James Ketner. This company is the direct result of his vision, talent, and tenacity," commented M. Trey Moore, Fleaux Services of Louisiana CEO and Galenfeha director. "We thank Mr. Ketner for his outstanding service and wish him all the best as he pursues new, exciting opportunities. We are certain of his continued success."
With his appointment, Mark Warren will succeed Mr. Ketner as chairman of the board. "Mr. Warren's enthusiasm and forward thinking will add a unique perspective to Galenfeha's mission of providing simplicity through technology," said Lucien Marioneaux, Jr., president and CEO of Galenfeha. "We will benefit greatly from his vast experience in the petroleum industry as well as in the fields of mergers and acquisitions."
"I am very excited to work with the Galenfeha team," said Mr. Warren. "Galenfeha is leading the charge for LiFePO4 technology in oil and gas markets. This, along with their new government contracts division and a strengthened nationwide distribution network, positions Galenfeha for significant growth in the coming months. I look forward to helping the company extend its leadership role and continue growing the brand."
As Steward Energy's vice president, Mr. Warren oversees land and regulatory functions, focused in the complex East Texas and North Louisiana oil basins. He is a member of the Ark-La-Tex Landman Association, AAPL, API, and LA Independent Producers & Royalties. Mr. Warren received a BS in Business Management from Louisiana State University in 1972, and an Associate of Arts degree from the Harvard Business Executive Program in 1977.
About Galenfeha, Inc.
Galenfeha (GLFH) is a design, engineering, and manufacturing firm with a focus on stored energy solutions with low environmental impact. Galenfeha designs, manufactures and markets a complete line of patent pending, microprocessor controlled, LiFePO4 chemistry battery systems for Oil and Gas measurement and automation as well as a full line of proprietary high precision chemical injection systems.
For more information on Galenfeha's products and services, please visit www.galenfeha.com.
Ft. Worth, TX
Forward-Looking Statements: Except for historical information contained in this release, the matters discussed are forward-looking statements that involve risks and uncertainties. When used in this release, words such as "anticipate," "believes," "estimate," "expect," "should," "intend," "projects," "objective," and "appears," and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the Company's management, as well as assumptions made by and information currently available to the Company's management. Among the factors that could cause actual results to differ materially are the following: the effect of business and economic conditions; the impact of competitive products and pricing; capacity and supply constraints or difficulties; product development, commercialization, or technological difficulties; the regulatory and trade environment; the impact of reimbursement rates and coverage; and the risk factors reported from time to time in the Company's SEC reports. The Company undertakes no obligation to revise any forward-looking statements as a result of future events or developments.
SOURCE Galenfeha, Inc.