Haddington Ventures Announces Resignation of Co-Founder Larry Bickle

Houston, Texas  May 3, 2007 --  Haddington Ventures, L.L.C. announced today that it has accepted the resignation of Dr. Larry W. Bickle, Principal and Managing Director, and has entered into an agreement to purchase Dr. Bickle’s interest in Haddington and various affiliates.

Dr. Bickle said he plans to spend time in the future at the operating company level mentoring young people.  “As an engineer and an entrepreneur by background, I look forward to getting back to my roots of building projects and growing people,” he said.  “My goal is to help younger entrepreneurs learn how to interact appropriately with high quality sources of capital such as Haddington.”

Dr. Bickle co-founded Haddington with Chris Jones, John Strom and Scott Jones in 1998.  Previously, Dr. Bickle was Chairman and Chief Executive Officer of Tejas Power Corporation (TPC), which he co-founded in 1984.  TPC became a major participant in the deregulated natural gas marketing, pipeline and storage business prior to its purchase by PacifiCorp in 1997. 
 
“We wish Larry the best in his new ventures,” said Managing Director Chris Jones.  “Our team has worked together for more than 20 years, and in that time, we have provided outstanding returns to investors, meaningful employment to hundreds of people and had a lot of fun ourselves.”
Phone: (713) 532-7992
Author: Communications
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