EDISON, N.J., Sept. 12 /PRNewswire/ -- KCS Energy, Inc. (NYSE: KCS) today
announced the retirement of Henry A. Jurand, Senior Vice President, Chief
Financial Officer and Secretary, effective December 31, 1997.
Mr. Jurand joined KCS as Vice President, Corporate Planning and
Development in 1990 and served as Treasurer from 1991 to 1995. He was named
Corporate Secretary in 1992 and has served as Chief Financial Officer since
1996. Upon his retirement, Mr. Jurand intends to pursue a career in academia.
Commenting on the retirement, KCS President and Chief Executive Officer
James W. Christmas said, "We are, of course, disappointed to lose a financial
executive of Mr. Jurand's skill and experience. Over the 1995-1997 period,
Mr. Jurand was instrumental in leading the team which put in place the debt
and equity capital required to make three major acquisitions and more than
quadruple our oil and gas reserves and production. Through the efforts of
Mr. Jurand and his staff, KCS' balance sheet is in excellent shape and we have
substantial availability under our existing bank credit facilities to help
fund our growth."
"We are very pleased that Mr. Jurand will remain with KCS through the end
of the year, and that he has agreed to continue for a period of time after his
retirement as a part-time consultant in order to ensure that an orderly
transition is made," said Mr. Christmas.
A national search for Mr. Jurand's successor will begin immediately.
KCS is an independent energy company engaged in the acquisition,
exploration, development and production of natural gas and crude oil with
operations in the Rocky Mountains, Mid-Continent and Gulf Coast regions. The
Company also owns oil and gas property interests in the Gulf of Mexico and
Michigan's Niagaran Reef trend.
To receive KCS' latest news and other corporate developments via fax at no
cost, please call 1-800-PRO-INFO. Use company code KCS. Or visit The
Financial Relations Board's web site at http://www.frbinc.com .
SOURCE KCS Energy, Inc.
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CONTACT: Henry A. Jurand, SVP & CFO of KCS Energy, 732-632-1770; or General Info: Marianne Stewart, Analysts: Christina Howard, or Media: Judith Sylk-Siegel, all of The Financial Relations Board, 212-661-8030
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