Pardee Resources Company Elects New Board Chairman

Pardee Resources Company Elects New Board Chairman

PHILADELPHIA--(BUSINESS WIRE)-- Pardee Resources Company (PRC) (OTC: PDER) recently elected William G. Foulke as its new board chairman. Mr. Foulke has served as a director of the Company, and its predecessor companies, since 1975. Pardee Resources is a Philadelphia-based firm that focuses on the acquisition, management, and responsible development of natural resource properties. The Company manages rights for coal, oil, natural gas, minerals, and timber on properties in 13 states, and owns approximately 195,000 acres of timberland, over 300 million tons of coal reserves, and approximately 10 billion cubic feet equivalent of oil and gas reserves. The firm also owns distributed solar-generated electricity installations in New Jersey and California totaling 8.6 megawatts of capacity.

“Bill’s assumption of the chairmanship of Pardee Resources represents a continuity of leadership that has greatly benefited the Company,” said Carleton P. Erdman, president and CEO of Pardee Resources Company. “Bill’s extensive experience as a Pardee director, and Chairman of its Executive Committee as well as his successful career in business and banking and on other boards, make him an ideal choice for this important role as we continue to pursue our growth objectives.”

Mr. Foulke follows his brother, Walter L. Foulke, as PRC board chairman. Walter Foulke served on the PRC board for 45 years, and was instrumental in overseeing PRC’s significant growth during that period, according to Mr. Erdman. “Walter Foulke helped to transform PRC into the innovative natural resource asset management company that it is today,” Mr. Erdman said. “Under his leadership, we have greatly expanded in terms of property holdings, revenue, technological capabilities, and the quality of our employee and executive team. We thank Walter for his service and look forward to continued growth under Bill’s leadership.”

For more information about Pardee Resources Company, visit www.pardee.com or email generalinfo@pardee.com.



Pardee Resources Company
Richard Wells
610-667-2382 (O)
610-955-9636 (M)
Richard@thewellynngroup.com

KEYWORDS:   United States  North America  Pennsylvania

INDUSTRY KEYWORDS:

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2489494, ~/Articles/ArticleHandler.aspx, 12/20/2014 11:06:43 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Apple's next smart device (warning, it may shock you

Apple recently recruited a secret-development "dream team" to guarantee its newest smart device was kept hidden from the public for as long as possible. But the secret is out. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple's gadget possible. And its stock price has nearly unlimited room to run for early-in-the-know investors. To be one of them, and see Apple's newest smart gizmo, just click here!