Zion Oil & Gas, Inc. (NASDAQ GM: ZN) announced on April 7 that Mr. Ilan Sheena CPA (Israel) has been appointed Chief Financial Officer of the Company, effective March 31, 2011. Mr. Sheena replaces Kent Siegel, who has resigned from the Company by mutual and amicable agreement.
Mr. Sheena, age 52, has been Vice President (Finance) of the Company’s Israeli Branch since November 2009 and Managing Director of the Israeli Branch since August 2010. Mr. Sheena is an accounting professional with broad local and international experience. He has a degree in Accounting and Economics from Tel Aviv University and is a member of the Institute of Certified Public Accountants in Israel.
*Editors Note: I have visited Zion’s Israel offices several times in the last few years and met Ilan when he first came aboard with Zion and have spoken with him on every subsequent visit. In my opinion, Zion is fortunate to have such a capable and positive person in the CFO position.