Oil Patch Bits: Calista Corp. board of directors reinstates Guy

Calista Corp. said Nov. 7 that days after its annual meeting of shareholders, the board of directors voted to reinstate Andrew Guy as president and CEO. The decision was made at a special board meeting.

Earlier in the year, the board placed Guy on administrative leave pending an investigation. The reasons for the investigation are confidential. However, the newly formed board reviewed the investigative report and found no merit to any allegations or complaints. As a result the board immediately called Guy back to his former position with full authorities and prerogatives.

“As a result of the work of our dedicated and focused employees, Calista Corp. continues on a successful business path, matching or exceeding revenues and operating income compared to the same period last year,” Guy said. “We need to focus on continuing to fulfill our ANCSA-directed obligations to both our Shareholders and our region.”