Coulson Oil Makes Executive Changes; Ownership Unchanged

by Arkansas Business Staff  on Thursday, Dec. 16, 2010 11:01 am  

Coulson Oil announced Thursday that David Zakrzewski has been elected company president and Eddie Martin and Lance West have been named senior vice preidents, effective immediately.

Mike Coulson, who served as Coulson Oil president for the past 27 years, will retain his position as Chairman of the Board. Coulson is the son of company co-founder, Ray Coulson, and has worked for the firm for more than 35 years.

According to Coulson, the changes were made to ensure a smooth transition of leadership for the continued growth and success of the company. 

"Throughout my career, I have seen many privately-owned firms succeed in business, but fail in transition planning," he said in a press release isued Thursday. "Sometimes, this has resulted in the firm's ultimate business demise. Our board has had the foresight to make certain that the company is well-positioned in terms of leadership for the future. That is the reason for these new executive changes.

"I believe that in David Zakrzewski, Eddie Martin and Lance West - in addition to others in senior management of the company - we have outstanding individuals who will lead our business well into the future," Coulson continued. "What we are doing today is executing a planned succession strategy to ensure the company's continued prosperity.  Perpetuating the company - for ourselves and our dealers - is our first and foremost goal."

Coulson stressed that the ownership of the company has not changed, only the executive management. 

"The owners of Coulson Oil are dedicated to making our management transition work," he said. "I believe we have the right team, which together, has more than 50 years of service to the company.  They are ready, experienced and capable of serving for decades to come."

Zakrzewski, the third president in the history of the North Little Rock company, will also serve as chief executive officer. He joined the company in 1974 and served in numerous capacities, including chief operating officer.

Martin's title is now senior vice president/general counsel. He joined the company in 2002 as vice president/general counsel. He is responsible for overseeing all legal and environmental issues relating to company operations.

West has worked for Coulson Oil for 17 years, and will serve as senior vice president and chief financial officer.




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