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25 Jan 2012 07:00
Cadogan Petroleum PLC ("Cadogan" or the "Company") Board Change
Cadogan Petroleum plc announces that Adelmo Schenato will join Cadogan as Chief Operating Officer and has been appointed a Director of the Company with immediate effect.
Adelmo Schenato joins Cadogan after a 35 year career at Eni S.p.A ("Eni"), the Italian integrated energy business, where he served in senior global and regional positions. His global roles at Eni included Well Operations R&D and Technical Management, and Vice President HSE & Sustainability. His regional roles include General Manager for Tunisia, Gabon and Angola as well as CEO of Eni's Italian gas storage company.
Ian Baron, who has served in the post of Chief Operations Officer since August last year, becomes Business Development Director.
Commenting on the changes Cadogan CEO Bertrand des Pallieres said:
"I am pleased to welcome Adelmo Schenato in his new position as Chief Operating Officer and look forward to the tremendous contribution his unique and extensive experience can bring Cadogan at this critical stage of its expansion. Adelmo has one of the best pedigrees in the industry and his thorough understanding of the sector, and in particular operating and drilling technologies, will be critical to meeting our strategic objectives in Ukraine."
Commenting on Ian Baron's new role Mr des Pallieres continued:
"Ian Baron joined the Board of Cadogan in March 2009 with a mandate from the previous Board to assess the best way to return value to shareholders. In that time, he has helped Cadogan revitalize its business with foundations established to rebuild growth. His new role will continue to build on those foundations."
There are no items to disclose in accordance with UKLA LR 9.6.13 sections 2-6 in regard to the appointment of Adelmo Schenato.
Contacts
Cadogan Petroleum Plc +44 (0) 207 487 8301
Bertrand des Pallieres Chief Executive Officer
Stefan Bort Company SecretaryBankside +44 (0) 207 397 8888Simon Rothschild
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