CALGARY, Canada, Dec. 15, 2010 /PRNewswire-FirstCall/ -- FEC Resources, Inc. (OTC Bulletin Board: FECOF) wishes to announce the following management appointments:
Barry Stansfield has retired as Chairman of the Company and will remain a Director of the Company. Carlo Pablo, currently Director of FEC, will assume the role of Chairman effective immediately.
Carlo Pablo (age 47) is currently Chief Operating Officer of Philex Petroleum Corporation, Philippines, which is the wholly-owned oil and gas subsidiary of Philex Mining Corporation. Previously Mr. Pablo was a Commercial Adviser at Shell, where he worked for 24 years in various upstream and downstream projects in the Philippines, Indonesia and Malaysia. Mr. Pablo was a Director of PT Kridapetra Graha between October 2001 and September 2005 and is also a director of Petroenergy Resources Corporation and an Executive Director of Forum Energy Plc.
In addition, the following have been appointed as officers of the Company:
Jose Ernesto Villaluna - President and CEO
Riaz Sumar – Chief Financial Officer and Corporate Secretary
Renato Migrino – Treasurer
All above management were elected as Directors at the Company's last Annual General Meeting along with Edward Tortorici and Andrew Mullins.
For and on behalf of the Board of FEC Resources, Inc.
FEC Resources, Inc.
"Carlo S. Pablo"
Carlo S. Pablo
This release contains "forward looking statements" as per Section 21E of the US Securities and Exchange Act of 1934, as amended. Although the Company believes that the expectations reflected in such forward looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Management is currently reviewing many options and there is no assurance that they will not make decisions other than those now contemplated. The Company is subject to political risks and operational risks identified in documents filed with the Securities and Exchange Commission, including changing and depressed oil prices, unsuccessful drilling results, change of government and political unrest in its main area of operations
SOURCE FEC Resources, Inc.