Paradigm Oil and Gas, Inc. has announced the resignation of Todd Violette as the chairman and CEO of the company. In addition, the board has decided to promote Vince Vellardita, currently president of the company, as the successor of Todd Violette. For several years, Vince Vellardita and Todd Violette have worked together in the Investment Banking Industry.

Vince has served as president of Paradigm since December 2012 and in this time has brought in a Strategic Advisory Board.