Adino Energy Corp., the fuel storage terminal distributor of petroleum based products, appointed Mr. Shannon W. McAdams as the new Chief Financial Officer. The appointment was preceding the company’s new focus of oil and gas exploration and production.
Adino Energy’s Chief Executive Officer Timothy G. Byrd was quoted saying, “Mr. McAdams brings a depth of transactional and capital markets expertise that will be critical as we transition our businesses and enter a rapid growth phase. I personally recruited Shannon for the CFO position and I am very pleased that he has agreed to join the Adino team.”
Shannon McAdams has been an advisor for the company and has more than 14 years of investment banking and investor relations experience. His background includes energy industry transactional and financial advisory, negotiation and structuring, as well as strategic and commercial advice. Before becoming a part of the Adino Energy team, McAdams was a director of Galway Group, where his main task was advising his clients on E&P, midstream and petrol distribution deals and LNG and geothermal projects. He also worked with JP Morgan Chase as an investment banking and buy side equity analyst. In addition to all of McAdams’ accomplishments, he was also a Chartered Financial Analyst and a former US Army Officer. He acquired his MBA from Tulane University, graduating with honors, with an emphasis on Finance and Entrepreneurship, afterwards, receiving a B.S in Interdisciplinary Finance at the University of Alabama.
“As we continue drilling and enhancing our West Texas oil field prospects, including the drilling and development of the Leonard lease, Shannon will focus on Adino’s transactional initiatives, corporate finance and capital raising activities. He will be a key link to the investment community, ensuring that investors recognize and understand the value that we are creating for shareholders,” Byrd commented.
Chairman Sonny Wooley was quoted saying, “The Board of Directors and management team appreciate the excellent work that Shannon has done for us as we acquired and integrated our exploration and production assets. We look forward to his continued contributions and leadership.”
Adino Energy Corporation is a company that operated as a fuel storage terminal, which is located in Houston, Texas. The terminal itself distributes many petroleum based products, along with bio diesel to local wholesalers and retail fuel distributors. The company, which was formerly known as Consolidated Medical Managament Inc, changed its name to its current Adino Energy Corporation in January of 2008.
For more information on Adino Energy Corporation, visit its website at www.adinoenergycorp.com
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