Legend Oil and Gas has named Alan Jochelson and John Busey to its board of directors.

Jochelson currently serves as a partner at Growlings, while Busey is a retired businessman.

Jochelson has a background in corporate finance, with emphasis on mergers and acquisitions, divestitures, reorganizations and financings.

Busey has over 30 years of experience in the areas of financing, banking, mergers and acquisitions, divestitures and reorganizations in the retail, technology and new home construction industries. 

Jochelson and Busey will serve as independent directors, and these appointments increase the board size to four. The company expects to appoint an additional independent director in the coming weeks.

The Legend board has also established an audit committee, to which both Jochelson and Busey have also been appointed. The company also expects to form a third committee, which will oversee oil and gas reserves, once board appointments have been completed.