Quorum Announces the Appointment of Rick Piacenti as Chief Administrative Officer

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Rick Piacenti has been added to the Quorum senior executive team to assist with the continued capitalization of the sustainable, profitable growth of the company.

Quorum Business Solutions, Inc. (Quorum), a leading provider of business and information technology solutions for the oil, gas, and renewable energy industry, announces the addition of Rick Piacenti to its senior executive team. As Executive Vice President of Finance and Chief Administrative Officer, Rick will work with rest of the executive team to drive Quorum’s continued growth and will undertake responsibility for the financial and administrative functions.

“Rick’s background of deep oil and gas industry expertise and his strong financial and administrative capabilities make him a well-matched fit for Quorum,” says R. Scott Leeds, CEO of Quorum. “His previous involvement with the development of fast growing companies will prove instrumental as we continue to capitalize on the sustainable, profitable growth of Quorum."

Rick Piacenti has worked in the oil and gas industry for over 30 years and has a demonstrated track record of building companies’ financial and administrative operations. Prior to joining Quorum, Rick was the Executive Vice President and Chief Financial Officer for Milagro Exploration, LLC where he was a founding partner. Before working at Milagro, Rick held a variety of executive management positions, including Executive Vice President and Chief Financial Officer of Mission Resources, Inc. as well as Vice President and Controller for both El Paso Production Company, Inc. and Cornerstone Natural Gas, Inc.

About Quorum Business Solutions, Inc.

Quorum Business Solutions, Inc. is a software and consulting solutions company that develops, implements, and supports a suite of business software solutions for the energy industry with a unique approach to providing a longer product life span. Founded in 1998, Quorum employs over 350 staff operating out of offices in Houston, Dallas, and Calgary. Quorum has ongoing relationships with over 125 clients, among which 25 Fortune 500 Companies are represented. Throughout its thirteen year history, Quorum has successfully completed over 550 business and information technology projects.

The Quorum Energy Software Suite is a set of integrated business applications designed for companies that produce, gather, transport, process and market oil, natural gas, natural gas liquids, LNG, wind generation and other energy commodities. The inherent integration of the suite allows the products to work together to facilitate straight through processing of the full energy value chain.

For more information, visit Quorum’s web site at http://www.qbsol.com or call us at 713-430-8601.


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