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Madagascar Oil Ltd Announces Board Changes

Tuesday, 18 Dec 2012 01:17pm EST 

Madagascar Oil Ltd announced that Mr. Andrew Morris and Mr. Paul Ellis, both existing Non-Executive Directors of the Company, have been appointed as Non Executive Chairman and Chief Executive Officer respectively, with immediate effect. Mr. Laurie Hunter and Mr. Mark Weller will step down immediately as Chairman and Chief Executive Officer and Chief Operating Officer respectively and will resign from the Board on December 31, 2012. They will be retained as consultants to the Company for up to six months. Further Board changes are expected to occur over the course of the implementation of the Financing Transaction. 

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16 Sep 2014