America West Resources Names John E. Durbin as New Chief Financial Officer
15 Janeiro 2009 - 11:24AM
PR Newswire (US)
Former ConocoPhillips Assistant Treasurer Joins the Executive Team
SALT LAKE CITY, Jan. 15 /PRNewswire/ -- America West Resources,
Inc. (OTC Bulletin Board: AWSR), a domestic coal producer with
mining operations in Central Utah, today announced the appointment
of John E. Durbin as the Company's new Chief Financial Officer.
Durbin replaces Brian Rodriguez, who will continue to serve as a
member of the Board of Directors. Durbin brings to America West a
wealth of financial experience earned over three decades serving
leading international organizations, including Conoco,
ConocoPhilips and The DuPont Company. Fluent in French, German and
Portuguese, he has proven to be a hands-on leader who is highly
skilled in building high performance teams and maximizing
operational efficiencies across large and growing enterprises. "We
are delighted to welcome John Durbin to our team," said Dan Baker,
America West CEO. "With his broad base of expertise and impressive
track record in the energy sector, there is no doubt he will be a
significant contributor to the success of our Company." From 1979
through 2005, Durbin progressed through a career with Conoco Inc.,
and, subsequently, ConocoPhillips, serving in a succession of
finance and treasury roles for the Company and with several of its
domestic and international subsidiaries and joint ventures. When
Conoco elected to enter the power generation and marketing segment
in 1997, Durbin was appointed Vice President, Finance at Conoco
Global Power Inc. In 1999, he was elected Vice President and Chief
Financial Officer of AEP-Conoco Energy Management, the new power
marketing joint venture among American Electric Power, The DuPont
Company and Conoco Inc. Following the spin-off of Conoco by DuPont,
and Conoco's subsequent merger with Phillips Petroleum Company to
form ConocoPhillips, Durbin was elected as Assistant Treasurer to
create, implement and manage a new Enterprise Risk Management
function. After opting for early retirement from ConocoPhillips in
2005, Durbin founded JED Consulting LLC, an international,
financial management consulting firm based in Rio de Janeiro,
Brazil and Miami, Florida. He has a Bachelor of Science degree in
Finance from Montana State University and an MBA in International
Financial Management from Thunderbird School of Global Management.
"Since day one, I have been very impressed with the complementary
strengths and talents of America West Resources' management team,
the depth and quality of its employees and its methodical growth
strategy," commented Durbin. "I feel privileged to be invited to
play such a vital role in the Company's future, particularly in
view of its aggressive expansion plans and promising outlook."
Baker also acknowledged Rodriguez for his many contributions to the
Company. "Serving as our transitional CFO, Brian has been
instrumental in helping us raise significant capital and bringing
our Hidden Splendor subsidiary out of Chapter 11 bankruptcy in
2008. Additionally, we appreciate his efforts in recruiting a blue
chip executive of John Durbin's status to join America West. We are
very pleased that Brian has agreed to stay on as a member of our
board." About America West Resources, Inc. Headquartered in Salt
Lake City, Utah, America West Resources, Inc. is an established
domestic coal producer focused on the mining of compliant
(low-sulfur) coal and its sale primarily to U.S. utility companies
for use in generating electricity. Since 2003, the Company has
extracted over 1.4 million tons of coal from its owned and operated
Horizon Coal Mine based in Central Utah. For more information,
please visit http://www.americacoal.com/. Forward-Looking
Statements This news release contains forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Please refer to the Company's Form 10-KSB and other
filings with the United States Securities and Exchange Commission
(the "SEC") for additional information regarding risks and
uncertainties, including, but not limited to, the risk factors
listed from time to time in such SEC reports. Copies of these
filings are available through the SEC's electronic data gathering
analysis and retrieval system (EDGAR) at http://www.sec.gov/. FOR
ADDITIONAL INFORMATION, PLEASE CONTACT: ELITE FINANCIAL
COMMUNICATIONS GROUP Dodi B. Handy, President & CEO For Media
Inquiries: Tiffany Korkis or John Morrison, Managing Directors of
Elite Media Group 407-585-1080 or via email at DATASOURCE: America
West Resources, Inc. CONTACT: Tiffany Korkis or John Morrison,
Managing Directors of Elite Media Group, +1-407-585-1080, or via
email at Web Site: http://www.americacoal.com/
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