Geospatial Holdings, Inc. announced the promotion of David Vosbein to President and Chief Operating Officer.
PITTSBURGH, PA. - Geospatial
Holdings, Inc. (OTC BB: GSPH) announced the promotion of David Vosbein,
formerly Executive Vice President/Worldwide Strategic Initiatives to the
position of President and Chief Operating Officer. Mr. Vosbein will also retain
his position as a member of the Board of Directors.
Mr. Vosbein will be filling the
position formerly held by Mark A. Smith, the Company's founder. Mr. Smith will
retain his positions as Chief Executive Officer and Chairman.
Prior to joining Geospatial, Mr.
Vosbein was the founder and CEO of several successful energy and technology
In 1982 Mr. Vosbein founded
Wellstream Corporation, and served as the company's CEO and President prior to
the company's sale in 1995 to Dresser Industries and subsequent sale in 1998 to
Halliburton (NYSE: HAL) and in 2003 to the private equity group Candover
Investment Partners. Now Wellstream Holdings, PLC, (www.wellstream.com) is the largest provider of dynamic
flexible riser pipelines and static flowlines manufactured for applications in
deep and ultra deep undersea environments. Wellstream, which trades on the
London Stock Exchange, (symbol "WSM") employs over 1,000 people internationally
with facilities in the U.K., U.S.A., Canada, Brazil and Australia.
Since leaving Wellstream, Mr.
Vosbein has served as Founder and CEO of The Offshore Group, an independent oil
and gas exploration and production company; established a joint venture flexible
pipe production plant in Changchun, China, and founded Simulis, LLC (www.simulis.com) a licensor of patented technology and
software tools providing Simulation-Based Assessment and Training Products for
the energy, healthcare and aviation industries. Simulis has licensed its
technology to Simultech, LLC (www.simultech-usa.com). Customers using Simulis
technology include Halliburton, Schlumberger (NYSE: SLB), Weatherford (NYSE:
WFT), Pemex, Kaiser Permanente, Smiths Medical, and the American Nurses
Mr. Vosbein received a Bachelor of
Business Administration/Economics from Tulane University and his Juris Doctor in
Admiralty and Oil and Gas Law from Loyola University.
Mark Smith, Geospatial's CEO stated,
"David has proven to be a wonderful addition to the Geospatial team.
His 30 years of legal, entrepreneurial and operations experience within
the infrastructure industry are exactly what Geospatial needs at this critical
point in the Company's rapid growth."
Mr. Vosbein stated, "Geospatial's
ability to aggregate critical infrastructure data from above and below ground
level and to manage that data for our clients, positions Geospatial to emerge as
a leader in the infrastructure data management field. Our business model is
strong. We create real value for the municipalities and pipeline operators that
are beginning to use our services. Geospatial is uniquely positioned to
participate aggressively in the upcoming Obama Administration Infrastructure
Economic Stimulus Program."
Geospatial Holdings Name New President and Chief Operating Officer
December 18, 2008