BRIDGEPORT, W.Va., Feb. 21 /PRNewswire-FirstCall/ -- Petroleum Development Corporation (NASDAQ:PETD) today announced Dominic Del Rosso joined the Company in January 2008 as Vice President of Financial Reporting. Mr. Del Rosso brings with him a strong corporate accounting and finance background with over 22 years experience including financial reporting, system implementation, cost accounting and planning/budgeting. Prior to joining PDC, Mr. Del Rosso served as the Vice President of Finance and Controller for Firearms Training Systems, Inc. in Atlanta, Georgia where he was responsible for the global accounting function and SEC reporting. Before that he was employed for nearly 9 years by Coca-Cola Enterprises, Inc., where he held various accounting and financial positions of increasing responsibility. Mr. Del Rosso received his M.B.A. from Florida Southern College in Lakeland, FL, and a B.S. in Business Administration with a Major in Accounting from Robert Morris University in Pittsburgh, PA. He earned his C.P.A. certification in 1994.
"We are delighted to have someone of Dominic's caliber joining us. His previous public reporting and extensive system implementation experience will be invaluable to us as we complete our conversion to a new enterprise-wide computer system and work to continue to improve our accounting and reporting functions," said Richard McCullough, Vice Chairman and CFO of Petroleum Development Corporation.
About Petroleum Development Corporation Petroleum Development Corporation (http://www.petd.com/) is an independent energy company engaged in the development, production and marketing of natural gas and oil. Its operations are focused in the Rocky Mountains with additional operations in the Appalachian Basin and Michigan. PDC is included in the S&P SmallCap 600 Index and the Russell 3000 Index of Companies.
Certain matters discussed within this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although PDC believes the expectations reflected in such forward- looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include financial performance, oil and gas prices, drilling program results, drilling results, regulatory changes, changes in local or national economic conditions and other risks detailed from time to time in the Company's reports filed with the SEC, including quarterly reports on Form 10-Q, current reports on Form 8-K and annual reports on Form 10-K. DATASOURCE: Petroleum Development Corporation CONTACT: Celesta Miracle of Petroleum Development Corporation, +1-304-842-3597 Web site: http://www.petd.com/
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