SAExploration terminates CFO, chairman Jeff Hastings steps down
SAExploration announced the following management changes associated with the accounting matters that arose in 2015-2016: Michael Faust has been named chairman, replacing Jeff Hastings, who has been placed on administrative leave and resigned as chairman of the board. The company expects to name a new CEO in the near future. Kevin Hubbard, C.P.A. and Partner at Ham, Langston & Brezina, has been named Interim CFO, replacing Brent Whiteley, who has been terminated. "We have taken swift action on each of these matters and will continue to do so until they are resolved," said Michael Faust, chairman of the board. "This does not impact our day-to-day operations which have been delivering outstanding results for our customers and investors. We remain committed to our customers, whose missions we make our own, and we are grateful to the devoted men and women of SAExploration and the contributions they make every day to our customers and our company. We have a strong pipeline of committed projects, an excellent team to deliver those projects, and are poised for continued success."