On May 26, 2015, the board of directors of Arete Industries, Inc. approved the appointment of Tristan R. Farel as chief financial officer, effective June 1, 2015. Mr. Farel currently is the President of Pivot Accounting, LLC. Since February 2010, Mr. Farel has also served as the chief financial officer of New Frontier Energy, Inc. Mr. Farel has also served as a financial consultant to various entities since December 2009.