Item 5.02. Appointment of Principal Officer.
On November 5, 2007, Sky Petroleum appointed Hilda Kouvelis as its interim Chief Financial Officer. Ms. Kouvelis will provide services to the Company pursuant to the Company’s agreement with vCFO, as detailed in the Company’s Current Report on Form 8-K as filed with the Securities and Exchange Commission on February 4, 2007.
Ms. Kouvelis, 43, has been a Senior Associate with vCFO since the fall of 2007. Ms. Kouvelis has served as the Chief Financial Officer of Transatlantic Petroleum Corp. since January 2007, and prior to that she served as Controller since June 2005. Previously, Ms. Kouvelis served as Controller for Ascent Energy, Inc. from 2001 to 2004.
Ms. Kouvelis has more than 20 years of industry experience, including 18 years with FINA, Inc., where she held various positions in finance and accounting, including Controller and Treasurer. Ms Kouvelis served as Financial Controller for international operations at the headquarters of PetroFina, S.A. in Brussels, Belgium from 1998 through 2000. She holds an M.B.A. degree in corporate finance and investment analysis from the University of Dallas and a B.B.A. degree in accounting from Angelo State University. Ms. Kouvelis is a licensed Certified Public Accountant.
Ms. Kouvelis is not related by blood or marriage to any of the Company’s directors or executive officers or any persons nominated to by the Company to become directors or executive officers. In the last fiscal year, the Company has not engaged in any transaction in which Ms. Kouvelis or a person related to Ms. Kouvelis had a direct or indirect material interest.