ION Appoints Two New Board Members

HOUSTON, Nov. 4, 2010 /PRNewswire-FirstCall/ -- ION Geophysical Corporation (NYSE: IO) today announced that David H. Barr and Michael C. Jennings will join its Board of Directors, effective on December 2, 2010.

Mr. Barr, age 61, retired from Baker Hughes Incorporated, an oilfield services and equipment provider, in 2009 after serving for 36 years in various manufacturing, marketing, engineering and product management functions.  At the time of his retirement, Mr. Barr was Group President – Eastern Hemisphere, responsible for all Baker Hughes products and services for Europe, Russia/Caspian, Middle East, Africa and Asia Pacific.  From 2007 to 2009, he served as Group President – Completion & Production, and from 2005 to 2007, as Group President – Drilling and Evaluation.  Mr. Barr served as President of Baker Atlas, a division of Baker Hughes Inc., from 2000 to 2005, and served as Vice President, Supply Chain Management for the Cameron division of Cameron International Corporation from 1999 to 2000. Prior to 2000, he held positions of increasing responsibility within Baker Hughes Inc. and its affiliates, including Vice President – Business Process Development and various leadership positions with Hughes Tool Company and Hughes Christensen.  Mr. Barr initially joined Hughes Tool Company in 1972 after graduating from Texas Tech University with a Bachelor of Science degree in mechanical engineering.

Mr. Jennings, age 45, is currently the President, Chief Executive Officer and Chairman of the Board of Directors of Frontier Oil Corporation, an independent oil refining and marketing company.  Prior to his appointment to President and Chief Executive Officer in January 2009, Mr. Jennings served as Frontier's Executive Vice President and Chief Financial Officer. From 2000 until joining Frontier in 2005, Mr. Jennings was employed by Cameron International Corporation as Vice President and Treasurer.  From 1998 until 2000, he was Vice President Finance & Corporate Development of Unimin Corporation, a producer of industrial minerals. From 1995 to 1998, Mr. Jennings was employed by Cameron International Corporation as Director, Acquisitions and Corporate Finance.  Mr. Jennings holds a Bachelor of Arts degree in economics and government from Dartmouth College and a Master of Business Administration degree in finance and accounting from the University of Chicago.

Mr. Jay Lapeyre, Chairman of the ION Board of Directors, commented, "We are extremely pleased to welcome David and Mike to the ION Board of Directors.  On behalf of the company and my fellow ION Board members, we look forward to benefiting from their broad knowledge and experience in the oil and gas industry."

About ION

ION Geophysical Corporation is a leading provider of geophysical technology, services, and solutions for the global oil & gas industry.  ION's offerings allow E&P operators to obtain higher resolution images of the subsurface to reduce the risk of exploration and reservoir development, and enable seismic contractors to acquire geophysical data more efficiently.  Additional information about ION is available at www.iongeo.com.

SOURCE ION Geophysical Corporation