Gord Thompson has tendered his resignation and will step down as president and COO of Strategic Energy Management Corp. effective March 31. Strategic Energy serves as the manager of Strategic Energy Fund.

John Driscoll, chairman and CEO, will assume the responsibilities of president until such time when a successor to Thompson can be appointed.

“Gord Thompson has made a tremendous contribution to the growth and success of Strategic Energy Fund,” Driscoll said, in a release. “Under his leadership, the fund’s assets have increased from $20 million to more than $240 million and the fund is now very well-positioned to attract additional capital from investors in order to exploit opportunities in Canada’s oil and gas sector,” Driscoll added.

Strategic Energy Fund is an investment trust that seeks to provide unitholders with superior rates of return through a diversification strategy focused on investment opportunities within the Canadian energy sector. Its units trade on the Toronto Stock Exchange under the symbol SEF.UN.