Tri-Valley Corporation (AMEX:TIV) has appointed its seventh outside independent director, James S. Mayer, 51, of Yardley, Pennsylvania. This brings the total board membership to eight including Chairman, F. Lynn Blystone, who is also president and chief executive officer of the Company.
Mr. Mayer is president of MAGIC Investment Projects LLC, a private equity firm targeting co-investments in Morocco with American firms focusing on the recently signed Free Trade Agreement with the U.S.A.
Mr. Mayer served as First Vice President, investments for Citigroup Global Markets, Inc. focused on energy, real estate and private equity and hedge funds.
Prior to that he served as vice president for Merrill Lynch Investment Managers and Merrill Lynch raising several billion dollars with mid sized institutions, family offices and pension funds. He directed private client alternative investments, capital raising and deal structuring for the alternative investment group.
He was formerly executive vice president, North American operations for Netzsch, Inc., a large German private firm and before that, director, strategic business development for Perkin-Elmer Corporation. At Perkin-Elmer he directed licensing negotiations, partnerships, joint venture and new technology agreements for the firm expanding into rapidly growing areas of biotechnology and life sciences.
A graduate of the State University of New York at Courland, Mr. Mayer holds a Bachelor's Degree in Chemistry and a physics minor. He did graduate work in finance, securities law, alternative investments and international marketing. Mr. Mayer will serve on the finance committee of the Tri-Valley Corporation board.
Tri-Valley is in a rapid growth phase in California oil and gas production as well as its large gold exploration projects in California and is arranging multimillion dollar financing packages to advance its projects to build share value.
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