On May 1, 2012, Fred Zeidman resigned as the Chairman of the Board and a director of ZaZa Energy Corporation. Mr. Zeidman's resignation was not as a result of any disagreement with the company. The board of directors has appointed Craig McKenzie, President and Chief Executive Officer of the company, as the acting Chairman of the Board until a new Chairman of the Board is designated. The company has not yet identified a replacement to fill the vacancy on the board of directors created by Mr. Zeidman's resignation. On May 3, 2012, Gaston Kearby ceased service as Executive Director, Operations for the company. Mr. Kearby will continue, however, as a member of the board of directors.