– ISLE OF MAN, Douglas – Challenger Energy Group PLC (LON: CEG), the Caribbean and Atlantic margin focused oil and gas company, with production, appraisal, development, and exploration assets across the region, today announced the appointment of Eytan Uliel and Stephen Bizzell to its board of directors, with immediate effect.
Mr Eytan Uliel, the CEO designate, has now formally been appointed as CEO of the Company. Following his appointment, previous CEO Simon Potter has stepped down from this role but will remain on the Board as a Non-Executive Director.
Stephen Bizzell has been appointed to the Board as a Non-Executive Director replacing Ross McDonald who has stepped down from his role.
The Board now comprises:
- William Schrader (Non-Executive Chairman),
- James Smith (Deputy Non-Executive Chairman),
- Simon Potter (Non-Executive Director),
- Stephen Bizzell (Non-Executive Director)
- Eytan Uliel, CEO
Eytan Uliel, the CEO, commented: “I am delighted to have formally assumed the role of CEO of Challenger Energy. We are making steady progress on our plan to reset the Company both strategically and corporately, with a view to positioning the business for future growth. I and the executive team will be working closely with our re-organised Board in implementing a strategy focussed on creating shareholder value through production and cashflow growth across our portfolio. I look forward to engaging over the coming months with our shareholders and stakeholders, and providing regular updates on our progress.”
As previously advised, the appointment of Mr. Robert Riley to the Board as a non-executive director will take effect at such time as customary onboarding processes for new directors are completed, and a further announcement will be made at that time. As previously advised, the Company will also consider the potential for the appointment of additional Non-Executive Directors in the future, as may be deemed appropriate.
About Challenger Energy
Challenger Energy is a Caribbean and Atlantic margin-focused oil and gas company, with a range of exploration, appraisal, development, and production assets and licenses, located onshore in Trinidad and Tobago, and Suriname, and offshore in the waters of The Bahamas and Uruguay. In Trinidad and Tobago, Challenger Energy has five (5) producing fields, two (2) appraisal / development projects and a prospective exploration portfolio in the South West Peninsula. In Suriname, Challenger Energy has on onshore appraisal / development project. Challenger Energy’s exploration licence in each of Uruguay and The Bahamas are highly prospective, and offer high-impact value exposure within the overall portfolio value.
For more information: https://www.cegplc.com/
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