KEENE,
N.H., Sept. 16, 2024 /PRNewswire/ -- North
European Oil Royalty Trust (NYSE-NRT) today announced the
appointments of Richard P. Howard
and Andrew S. Borodach as Trustees
effective October 1, 2024.
Richard P. Howard is a Chartered
Financial Analyst and an active investor with more than 47 years of
experience in the energy industry. Mr. Howard's professional career
included analytical and portfolio management positions with CIGNA,
Fidelity Investments, T. Rowe Price Group, Inc., and Prospector
Partners Asset Management, LLC. He was a 50-year charter
member of the National Association of Petroleum Investment
Analysts. He holds B.S. degrees in welding engineering and
industrial engineering from Millikin
University and an M.B.A from Harvard
Business School.
With more than twenty-five years of experience, Andrew S. Borodach is a transactional lawyer,
with a strong financial services and insurance background and a
focus of cross-border M&A activity. Mr. Borodach is
currently Vice President, Head of the Transactional Law Group &
Chief Counsel M&A at Prudential Financial, Inc. He began
his career as an associate at Debevoise & Plimpton LLP and
spent nearly fifteen years at American International Group, Inc. in
several legal and business roles of increasing
responsibility. He holds a J.D. from Harvard University Law School and a B.A. from Brown
University.
"The experience and perspectives Mr. Howard and Mr. Borodach
bring will bolster the management of the Trust," said Nancy J. Floyd Prue, Managing Trustee. With the
appointments, North European Oil Royalty Trust will have 5
Trustees.
For further information, contact John R.
Van Kirk, Managing Director, at (732) 741-4008 or via e-mail
at jvankirk@neort.com. The text of the Trust's press
releases along with other pertinent information is available on the
Trust's website: www.neort.com.
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SOURCE North European Oil Royalty Trust
