Proposed changes to Maha’s board of directors and executive management
August 11 2023 - 1:45PM
Proposed changes to Maha’s board of directors and executive
management
The
nomination
committee of Maha Energy AB (publ) (“Maha”
or the “Company”) has informed the Company’s board
of directors that it intends to propose
that an extraordinary general meeting
resolves to appoint Paulo Thiago
Mendonça as the
new chairman of the board of directors. The board of
directors has therefore resolved
to appoint Kjetil Solbraekke as
the new CEO,
effective as from the
extraordinary general meeting electing
Paulo Thiago Mendonça as the chairman of Maha’s board of
directors.
“The change we are proposing today is in line with our intention
to governance Maha to future success. We are strengthening the
execution of our management to operate our assets in order to
pursue the creation of a cash flow-oriented company with a solid
balance sheet and continue our growth strategy,” says Paulo Thiago
Mendonça, CEO Maha, and Kjetil Solbraekke, board member, Maha.
Kjetil Solbraekke has over 30 years of experience from the
Norwegian Oil and gas sector in various positions as Assistant
director general in the Ministry of Petroleum in Norway, SVP and
CFO in Norsk Hydro, CEO in Panoro Energy and Sintef do Brazil,
Founder and CEO in DBO Energy. He has lived in Brazil since
2006.
For more information, please
contact: Paulo Thiago Mendonça, CEOPhone: +46 8 611 05
11E-mail: info@mahaenergy.ca
Guilherme Guidolin de Campos, CFOPhone: +46 8
611 05 11E-mail: info@mahaenergy.ca
MiscellaneousThis information
is such information that Maha Energy AB (publ) is obliged to make
public pursuant to the EU Market Abuse Regulation. The
information was submitted for publication, through the agency of
the contact person set out above, 20:45 CEST on 11 August 2023.
About MahaMaha Energy AB (publ)
is a listed, international upstream oil and gas company whose
business activities include exploration, development and production
of crude oil and natural gas. The strategy is to target and develop
underperforming hydrocarbon assets on global basis. Maha operates
the Mafraq field in Block 70 in the Sultanate of Oman and assets in
the United States. The shares are listed on Nasdaq Stockholm
(MAHA-A). The head office is in Stockholm, Sweden with a technical
office in Calgary, Canada, as well as operations offices in
Grayville, Illinois, USA, Rio De Janeiro, Brazil and Muscat, Oman.
For more information, please visit our website
www.mahaenergy.ca.
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