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Kodiak Oil & Gas appoints new independent board member

Staff writer | Denver, Co., USA | September 23, 2010
Kodiak Oil & GasSeptember 23, 2010, Denver, Co., USA - Kodiak Oil & Gas Corp., an oil and gas exploration and production company, announced that it has appointed William J. Krysiak to serve as a member of the company's board, effective immediately.
With more than 17 years of experience as a corporate officer responsible for accounting and financial matters and strong public company experience in the oil and gas industry, including 13 years as the principal financial and accounting officer of NYSE-listed Western Gas Resources, Inc., Mr. Krysiak brings substantial financial reporting, compliance, capital markets and oil and gas transactional experience to Kodiak's Board of Directors.

He currently serves as the CFO of Southwest Generation Operating Company. Prior to his current position, from September 2007 to July 2009, he was the CFO of Aspect Holdings LLC, an energy company. Prior to Aspect, he served in various financial-oriented management and officer positions at Western Gas Resources, Inc. from 1985 to 2006, including Chief Financial Officer. During Mr. Krysiak's tenure, Western Gas Resources grew substantially until the company was sold to Anadarko Petroleum Corporation in 2006 for approximately $5 billion in an all-cash transaction.

Subsequent to the sale of Western Gas Resources to Anadarko, Mr. Krysiak assisted Anadarko in a transition period from August 2006 through June 2007 as the Director of Financial Projects. In this position his responsibilities included preparation, evaluation and completion of a monetization strategy for Anadarko's midstream assets.

Over the course of his career, Mr. Krysiak has obtained extensive experience in a variety of corporate matters including business strategy and development, finance, treasury and risk management operations, accounting, SEC reporting and compliance, implementation and administration of SOX 404, internal audit, forecasting and planning, information technology, tax reporting, and investor and public relations.

Mr. Krysiak has also directed or been involved in numerous capital market transactions (including initial public offerings and secondary equity offerings), public and private debt transactions, and acquisition, divestiture and merger transactions.

He earned his BS in business administration with a major in accounting from Colorado State University in 1982 and is a Certified Public Accountant. Mr. Krysiak will Chair the Audit Committee and sit on the Nomination and Compensation Committee.