Athabasca Oil Corporation announced the appointment of Carlos Fierro and Paul Haggis to its Board of Directors. The Board has also promoted Rob Broen, the company's current Chief Operating Officer, to the position of President and Chief Operating Officer. Mr. Fierro is a former investment banker and attorney based in Washington, DC.

He has over 25 years of experience in the natural resources sector, including exploration and production, midstream, refining and marketing, oilfield services and mining. Mr. Fierro is currently a director of Shell Midstream Partners, L.P. and Sendero Midstream Partners. Mr. Haggis has a wealth of experience in the institutional investment industry as the former CEO of Ontario Municipal Employees Retirement System (OMERS) and former President and CEO of Alberta Treasury Branches.

He currently sits on the boards of CP Rail Limited, Advantage Oil and Gas Ltd., UBC Investment Management Trust and is the Chairman of Alberta Enterprise Corporation. Mr. Broen's primary responsibility will be to continue to drive strong operational performance and execution excellence across the organization.