Breitling Energy Corporation (BECC) (the “Company”) announces David J. Kovacs has joined the management team as Executive Vice President of Strategic Development. Mr. Kovacs specializes in investment banking, private equity and venture capital and has extensive experience in both mature and emerging markets, having analyzed hundreds of deals and executing both buy and sell-side engagements.
Prior to joining the Company, Mr. Kovacs served as the Head of Investment Banking, Research, and Private Equity for North America for Fitch Learning (Fitch Ratings).
His extensive resume of private equity and investment banking roles include various key positions with Hinduja Group, Blackstone Group, and Citigroup.
Mr. Kovacs lectures at many of the leading investment banks, private equity firms, sovereign wealth funds, and government agencies, including the Securities & Exchange Commission, New York City Controller’s Office, Abu Dhabi Investment Authority, JP Morgan, Barclays, Citigroup, RBC, RBS, Lazard, Morgan Stanley, and Deutsche Bank.
In 2012, Mr. Kovacs was appointed as the lead learning adviser for the Securities & Exchange Commission, assessing and implementing solutions for examiners, accountants, and attorneys working for the agency, an unprecedented appointment for a private sector individual.
Mr. Kovacs completed his Bachelor of Science in Economics & Finance from The College of Staten Island, City University of New York, where he completed his four-year academic requirements at 18 years of age. He also attended Columbia University for undergraduate studies.
“This is yet another milestone for Breitling Energy as we continue to build out our executive management team with highly qualified, outstanding leadership. David particularly complements our core team in that he has achieved much in a short period of time,” said Chris Faulkner, Breitling’s Chairman and CEO. “David brings a wealth of experience and extensive connections to the Company in a time when capital is key to the continued execution of our strategy.”
Mr. Kovacs will be based in New York City and will work closely with Jeremy Wagers, the Company’s Chief Operating Officer and Chief Counsel to identify additional sources of capital and execution of the Company’s long-term plan.
A complete corporate slide presentation of the Company’s strategic plan is available at www.breitlingenergy.com.
ABOUT BREITLING ENERGY CORPORATION
Breitling Energy Corporation is a growing U.S. energy company based in Dallas, Texas engaged in the exploration and development of high-probability, lower risk onshore oil and gas properties. The Company’s dual-focused growth strategy primarily relies on leveraging management’s technical and operations expertise to grow through the drill-bit, while also growing its base of non-operating working interests and royalty interests. Breitling’s oil and gas operations are focused primarily in the Permian Basin of Texas and the Mississippi oil window of southern Kansas and Northern Oklahoma, with non-operating investments in Texas, North Dakota, Oklahoma and Mississippi. Breitling Energy Corporation is traded over the counter under the ticker symbol: BECC. Additional information is available at www.breitlingenergy.com.