TransGlobe Energy Corporation Announces CEO Succession and Opening of London, UK Office
September 14 2018 - 4:00PM
TransGlobe Energy Corporation (“TransGlobe” or the
“Company”) (TSX & AIM: “TGL” & NASDAQ:
“TGA”) announces that, as part of the Company's ongoing succession
planning, Ross Clarkson will retire as the Company’s CEO effective
December 31, 2018. Randall (Randy) Neely, TransGlobe’s
current President, will assume the role of President and Chief
Executive Officer. Mr. Clarkson will remain with the
Company as a Non-executive Director and both Mr. Clarkson and Mr.
Neely intend to stand for re-election to the Company’s Board of
Directors at the AGM in 2019.
Robert Jennings, Chairman of TransGlobe,
stated:"On behalf of the Board and the employees of
TransGlobe I want to thank Ross for his significant contributions
to the Company for the more than 20 years he served as President
and CEO. We look forward to his continued stewardship and
contributions as an on-going board member."
Ross Clarkson, Outgoing CEO,
said:"I am very proud of what we have achieved as a team
over the past twenty plus years, and would like to thank all of our
staff and the Board for their contributions to that success.
“Following the recent London listing and with
the opening of the executive office in London this month, this is
the appropriate time to announce Randy’s transition to the CEO role
at the end of the year. I feel very strongly that TransGlobe
is well positioned to use its position as a leading operator in
Egypt to expand its operations internationally.
“I look forward to working with Randy and the
entire executive team from a board advisory position and to
continue contributing to the success of TransGlobe.”
London Office
The Company has opened an executive office in London to increase
its investor profile in the London and European markets and to be
closer to its primary area of operations and focus of business
development opportunities. Effective immediately, Randy Neely
will be based in London and will be joined, later this fall, by
Lloyd Herrick, VP and COO and Eddie Ok, VP Finance and
CFO.
For further information, please contact:
Investor RelationsTelephone: 403.264.9888
Email: investor.relations@trans-globe.com Web site:
http://www.trans-globe.com
TransGlobe
Energy |
Via FTI
Consulting |
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Ross Clarkson, Chief
Executive Officer Randy Neely, President Eddie Ok, Chief Financial
Officer |
www.trans-globe.com |
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Canaccord
Genuity (Nomad & Joint Broker) |
+44 (0)
20 7523 8000 |
|
|
Henry
Fitzgerald-O'Connor James Asensio |
|
|
|
GMP First
Energy (Joint Broker) |
+44(0)207 448 0200 |
|
|
Jonathan
Wright |
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FTI Consulting
(Financial PR) |
+44 (0)
203 727 1000 |
|
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Ben Brewerton Emerson
ClarkeGenevieve Ryan |
transglobeenergy@fticonsulting.com |
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