Last checked at 18 Jul 2019 10:00
Cadogan Petroleum Plc - Directorate ChangeCadogan Petroleum Plc - Directorate Change
PR Newswire
London, July 18
| Press Release 18 July 2019 | |
| This announcement is deemed to contain Inside Information as defined under the Market Abuse Regulations n. 596/2014 |
Cadogan Petroleum Plc(“Cadogan” or the “Company”)
Directorate change
Cadogan Petroleum plc (“Cadogan”), an independent, diversified oil & gas company listed on the main market of the London Stock Exchange, announces that Guido Michelotti has submitted to the Board of Directors his resignation as Chief Executive Officer after four years in this role.
Mr Michelotti’s resignation is motivated by personal reasons and will become effective at the end of September 2019, after the release of the Half Year report. Mr Michelotti will remain as executive director until November 15 in order to secure an orderly transition with the new Chief Executive Officer, while completing some activities started under his leadership.
The Board of Directors will begin the search for a new CEO and appreciates that Guido Michelotti has agreed to assist in the transition. An announcement on the appointment of the new CEO will be made in due course.
Zev Furst, Chairman, on behalf of the Board, wishes to thank Guido Michelotti for his leadership during a challenging time and for his contribution to a successful transformation of Cadogan, which has now a solid foundation on which to build its future.
-ENDS-
For further information, please contact:
| Cadogan Petroleum plc | |||
| Guido Michelotti | Chief Executive Officer | +380 (44) 594 5870 | |
| Ben Harber | Company Secretary | +44 0207 264 4366 | |
| Cantor Fitzgerald Europe | Broker to Cadogan Petroleum plc | ||
| David Porter | +44 (0) 20 7894 7000 | ||