LONDON (Alliance News) - Tlou Energy Ltd on Friday said Non-Executive Chairman Nathan Mitchell has resigned from his post to be replaced by Martin McIver with immediate effect, while Colm Cloonan has been appointed to the board as finance director.
The natural gas company said Mitchell has resigned in order to focus on his other commitments and executive positions.
McIver has been a non-executive director in Tlou since April 2010.
Cloonan is currently chief financial officer at the company and is based in Ireland having recently relocated from Australia.
"Colm has been part of the senior team of Tlou since his promotion to CFO in February 2011 and has a deep working knowledge of the company. We look forward to his contribution to the board and his additional role of developing our presence on the AIM market in London," McIver said in a statement.
Shares in Tlou were untraded on Friday morning, last quoted at 4.57 pence.
By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews
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Tlou Energy (TLOU)