Through this move, some of the tasks of the current chief executive officer, Gehrig Schultz, will be taken over by the new president, the company said in a statement.
Clark was previously vice-president for the Eastern Hemisphere with Grant Geophysical, general manager with United Geophysical in Nigeria and development manager with Geokinetics.
The company’s revenues dropped 25.8% in the first half of the year, to 110.7 million lei (EUR24.2 million) from RON149.3 million in the first half of 2011. It registered losses of RON6.1 million in the first six months, versus net profit of RON27.3 million in the same interval a year ago.
Romanian businessman Ovidiu Tender holds a 55.7% stake in Prospectiuni, through firm Tender SA Timisoara, while regional investment fund SIF Muntenia (SIF4. RO) holds 11.8% of the shares.
On the Rasdaq market in Bucharest Monday, Prospectiuni traded down 2.37%, to RON0.14 a share. (EUR1=RON4.5209)