Market Overview

Forest Oil Announces Appointment of Richard Carty to Its Board of Directors

Forest Oil Corporation (NYSE: FST) announced today that its Board of Directors appointed Richard J. Carty as an independent director, effective October 22, 2012.

Mr. Carty is President of West Face Capital (USA) Corp, an affiliate of West Face Capital Inc. (“West Face”), a Toronto-based investment management firm with over $2.8 billion in assets under management. West Face manages funds that own approximately 4.5% of Forest's outstanding shares. Mr. Carty has served on the board of directors of several companies in which funds managed by West Face have invested. Mr. Carty was previously with Morgan Stanley in New York for 14 years where he was Managing Director of Morgan Stanley Principal Strategies, leading the Special Situations, Strategic Investments and Global Quantitative Equity investment teams. Prior to that, he was a partner at Gordon Capital Corp, a private Toronto-based investment bank.

James D. Lightner, Chairman of the Board of Directors, commented, “We are pleased to have Rich Carty join Forest's Board. Rich has over 20 years of experience in the investment sector and brings a diverse background that spans several industries, including the oil and gas sector, making him an excellent complement to our Board.”

Posted-In: News Management

 

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