INOVA is an independent joint venture company owned 51% by BGP Inc., a wholly owned subsidiary of China National Petroleum Corporation and 49% by ION Geophysical Corporation.
BGP Inc. is one of the world’s largest land geophysical service contractors, offering 2D, 3D, 4D, VSP, and multicomponent field services to E&P clients through more than 50 international seismic crews in 45 countries. BGP also provides geophysical field services that extend beyond seismic, including surveys that require gravity, magnetic, electromagnetic, and geo-chemical measurements.
ION Geophysical Corporation is a leading provider of geophysical technology, services, and solutions for the global oil & gas industry. ION's offerings allow E&P operators to obtain higher resolution images of the subsurface to reduce the risk of exploration and reservoir development, and enable seismic contractors to acquire geophysical data more efficiently.
INOVA operates with a separate, independent management structure overseen by an outside Board of Directors. The Board comprised of seven individuals, four members were appointed from BGP and three members were appointed from ION. The JV Board – chaired by Mr. Meng Qiang of BGP – meets quarterly to review INOVA’s financial performance and to approve INOVA’s strategic and operating plans. Mr. Glenn Hauer, formerly SVP of INOVA’s Product Management, was appointed as CEO of INOVA by the JV Board on October, 2012.
As an independent company, INOVA has a governance structure that includes a seven-member Board of Directors. Among other things, the joint venture board reviews and approves INOVA’s five-year strategic plan and one-year operating plan and also appoints and evaluates members of the INOVA executive team. By agreement, the INOVA board is comprised of four members appointed by BGP and three members appointed by ION.
Chairman: Mr. Meng Qiang – Director of Enterprise Management and Legal Affairs Department, BGP
Glenn Hauer – President and CEO
Mr. Hauer was appointed as the President and CEO in October 2012. Since INOVA’s inception, he served on the executive team and led INOVA’s research and development efforts as its Senior Vice President of Product Management. Prior to joining INOVA, Mr. Hauer held senior roles at ION Geophysical as Vice President, Marketing for the Next Generation Land Imaging business unit and Technical Marketing Director for ARAM Systems Ltd., a leading provider of cable-based land acquisition systems, where he worked since 1997. Previously, he worked in data processing with Geo-X Systems. Mr. Hauer holds a Bachelor of Science and a Master of Science in Engineering from the University of Waterloo.
Carey Mogdan – COO and Sr. Vice President, Global Manufacturing and Customer Service
Mr. Mogdan is responsible for INOVA’s business development, sales, marketing, manufacturing operations, customer service, repair and rental business. Prior to joining INOVA, he was Vice President at Tarpon Energy Services. Earlier in his career Mr. Mogdan held senior management roles in manufacturing operations and has been responsible for greenfield and operational expansion both domestically and internationally. He holds a Bachelor of Science from the University of Alberta and holds designations from the Canadian Institute of Management, the Project Management Institute and the American Society for Quality.
Keith Witt – CFO and Sr. Vice President, Administrative Services
Mr. Witt is responsible for international finance, human resources, legal and IT for INOVA and served as ION’s Finance Director of Sensor, based in the Netherlands. He has held various senior finance positions in the UK and Netherlands and has held several other financial management responsibilities including European Rail Shuttle, ERS and British Salt. Mr. Witt holds a Bachelor of Science in Accounting and Economics from the University of Southampton in the UK and ACMA professional qualification.
Tim Hladik – Sr. Vice President of Product Development
Mr. Hladik is responsible for overseeing the product development of INOVA’s technologies. Prior to joining INOVA, he held various roles in the engineering organizations within Geo-X, which later became ARAM and ION Geophysical. He also held positions as an Electrical Engineer for a global electronics company, Arrow Electronics. In his previous role as Vice President of Engineering – Cable Systems at INOVA, his work was integral in the development of the G3i product and meeting with customers internationally to assess their current and future application requirements. Mr. Hladik holds a Bachelor of Science in Electrical Engineering from the University of Calgary.
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