It is anticipated that following the Mergers, BSBI will be a holding company for new energy ventures to be developed either through its subsidiaries, including IMPCO and ADS, or through joint ventures and other partnerships in which its subsidiaries will participate, in order to reduce risk in these ventures.
Several members of the BSBI management team will have held management and executive positions with Texaco Inc.
BSBI also will have offices located in Beijing, China and in Inner Mongolia, China, which are currently occupied by IMPCO.
BSBI and ADS may be reached by telephone at (408) 873-0400.
Set forth below is information regarding the executive officers and directors and managers of BSBI, ADS and IMPCO, and the directors of BSBI after the Mergers.
Dale Walter, 54, has served as a Director and the President, Chief Executive Officer and Chairman of the Board of BSBI since August 2005.
Walter intends to resign as a director and officer of BSBI upon consummation of the Mergers.
Brian Sherer, 48, has served as a Director and the Treasurer and Secretary of BSBI since August 2005.
Ingriselli shall be appointed as a director, President, Chief Executive Officer and Secretary of BSBI.
Groth shall be appointed as Vice President and Chief Financial Officer of BSBI.
Directors of BSBI Following Closing of the Mergers Laird Q.