Chimera Energy Corp. ( OTCBB : CHMR ) today announced the appointment of Baldemar Rios as Chimera’s new Chairman and CEO. Mr. Rios has more than 30 years’ experience in a diverse range of energy related industries. For the last several months Mr. Rios has been working directly with PEMEX on Chimera’s Non-Hydraulic Extraction technology.
“I am extremely excited about the opportunity to lead Chimera through the next phase of its growth,” said Baldemar Rios. ”I am very confident that our work with PEMEX will allow us the opportunity to prove that our exclusive technology is the game-changer that we believe it to be.”
“Now that Chimera is beginning the process of commercializing the technology I felt the time was right to step back from my day-to-day role with the company,” said Charles Grob, former Chairman and CEO. ”There is no doubt in my mind that Baldemar is the right man to lead Chimera now and into the future.”