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President, CEO Schanck Retires From Sonde

The board of directors has formed a search committee which is in the advanced stages of identifying a suitable replacement.

InterOil chairman, Dr. Gaylen Byker, will assume Mulacek's duties on an interim basis.

Dundas, currently executive vice president and chief operating officer, will succeed Kerr.

Streeter has led the company for 23 years since its inception as president and CEO.

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