OKLAHOMA CITY, June 27, 2005 - Maxum Petroleum, a nationwide independent marketer of petroleum products, announced today the hiring of George Fastuca as the company's inaugural Chief Financial Officer. Formerly with Exxon and Northern Natural Gas & Transwestern Pipeline Co., Mr. Fastuca is responsible for financial controls and reporting, as well as taking a lead role in strategic planning and the execution of Maxum's aggressive acquisition growth strategy announced last year.
"George is a long-time industry participant who brings a wealth of expertise to Maxum and Simons from his distinguished career in finance," said Roger Simons, CEO of Maxum Petroleum and its operating company Simons Petroleum, Inc. "We are delighted to have George join our team during this period of tremendous growth for our company."
Most recently, Mr. Fastuca served as Vice-President - Finance & Systems for Northern Natural Gas & Transwestern Pipeline Co where he directed all finance, systems and administrative functions, including strategic planning, integration, accounting, and asset disposal. Prior to that he spent 11 years in various finance and accounting functions for Exxon, where he progressed to Controller for international crude and product trading.
"With implementation of the growth strategy well underway, I am excited about joining the team at Maxum and Simons Petroleum," said Mr. Fastuca. "The petroleum marketing industry is in the midst of tremendous change and I look forward to playing a part in executing Maxum's vision for the future."
Mr. Fastuca is a CPA and earned his undergraduate degree from Cornell, MBA from UC - Berkeley, and PhD in Public Policy from the University of Houston .
