– UK, London – Corcel PLC (LON: CRCL) today announced changes to its Board following its recent pivot to oil and gas and the acquisition of an Angolan onshore oil portfolio.
- Antoine Karam is joining the Board as a Non-Executive Director with immediate effect and as the Non-Executive Chairman.
- Yan Zhao is joining the Board as a Non-Executive Director with immediate effect.
- Mr. Parsons, the Company’s existing Chairman, will assume the role of CEO and Executive Director with immediate effect.
- Mr. Kaintz, the current CEO, will assume the role of CFO and will step down from the Board with immediate effect.
- Scott Gilbert will be joining the Board as a Non-Executive Director, subject to regulatory checks.
- Geraldine Geraldo, the recently appointed CCO and MD Angola will be joining the Board as an Executive Director.
- Lord Henry Bellingham has agreed to immediately step down from the Board.
- Ewen Ainsworth has also agreed to step down from the Board once a new independent Director is appointed to the Board.
The Board of the Company will therefore, upon completion of all regulatory checks, consist of Mr. Karam (Non-Executive Chairman), Mr. Parsons (CEO), Ms. Geraldo (CCO and MD Angola) with Mr. Zhao, Mr. Gilbert, and one new independent Director as Non-Executive Directors.
For more information: https://www.corcelplc.com/
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