(AMSTERDAM, Netherlands: March 3, 2008)Paradigm™ (www.pdgm.com), a leading provider of enterprise software solutions to the global oil and natural gas exploration and production industry, today announced the appointment of Jorge Machnizh as President and Chief Operating Officer. Machnizh will relocate to London, UK, continuing Paradigm’s ongoing strategy to distribute executive leadership team members close to its global customer base and further reflect the international nature of the company.
Machnizh joined Paradigm in 2005 as Chief Operating Officer. He succeeds John W. Gibson Jr., who remains in his role as Chief Executive Officer. Machnizh will continue to report to Gibson. In this role, Machnizh will develop and manage growth strategies for the Paradigm global footprint, lead new operational initiatives and institute efficiencies across the company worldwide. The appointment is effective immediately.
"We are delighted with Jorge’s performance and significant contribution to Paradigm over the last two years and are pleased to have him accept this new role and additional responsibility," said Gibson. "He has been instrumental in executing our strategic plan which has driven the growth of the company. We look forward to his continued contribution advancing Paradigm as a leading software and consulting provider."
Machnizh has over 27 years experience in the energy industry, holding positions of increasing responsibility. He began his career with the seismic division of Schlumberger and served as Vice President Operations for Landmark Graphics Corporation, a division of Halliburton and a developer of upstream software solutions. Prior to joining Paradigm, Jorge served as President and Chief Operating Officer of Input/Output’s (NYSE:IO) Imaging Systems Group, an integrated geophysical technology design and manufacturing organization with global operations.
“Paradigm has extraordinary potential to change the oil and gas industry,” said Machnizh. “Exceptional people at Paradigm are creating and delivering breakthrough technology to meet business objectives of leading oil and gas companies as they find and produce energy to meet global demand. I am very excited to make history at this exceptional company during these unique times.”
Machnizh earned a Bachelor of Science degree in geology from University of Southern California.
About Paradigm™
Paradigm B.V. (www.pdgm.com), the industry leader in digital subsurface asset management, helps global oil and gas companies locate new reserves and optimize production in complex geological areas. Paradigm’s technology advances the science of hydrocarbon detection with solutions in seismic data processing and subsurface imaging, prospect interpretation and modeling, reservoir characterization, and well planning and drilling. These exploration and production solutions operate in an open environment with connectivity to third-party data stores to accelerate project creation and turnaround. Paradigm has a global network of sales, services and user support, serving major oil and gas producing regions around the world. For additional information visit Paradigm’s website at www.pdgm.com.
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Forward-Looking Statements
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