Press
Release
18
July 2019 |
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This announcement is deemed to contain Inside Information as
defined under the
Market Abuse Regulations n. 596/2014 |
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Cadogan Petroleum Plc
(“Cadogan” or the “Company”)
Directorate
change
Cadogan Petroleum plc (“Cadogan”), an independent, diversified
oil & gas company listed on the main market of the London Stock
Exchange, announces that Guido Michelotti has submitted
to the Board of Directors his resignation as Chief Executive
Officer after four years in this role.
Mr Michelotti’s resignation is motivated by personal reasons and
will become effective at the end of September 2019, after the release of the
Half Year report. Mr Michelotti will remain as executive
director until November 15 in order
to secure an orderly transition with the new Chief Executive
Officer, while completing some activities started under his
leadership.
The Board of Directors will begin the search for a new CEO and
appreciates that Guido Michelotti
has agreed to assist in the transition. An announcement on the
appointment of the new CEO will be made in due course.
Zev Furst, Chairman, on behalf of
the Board, wishes to thank Guido
Michelotti for his leadership during a challenging time and
for his contribution to a successful transformation of Cadogan,
which has now a solid foundation on which to build its future.
-ENDS-
For further information, please
contact:
Cadogan Petroleum plc |
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Guido Michelotti |
Chief Executive Officer |
+380 (44) 594 5870 |
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Ben Harber |
Company Secretary |
+44 0207 264 4366 |
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Cantor Fitzgerald Europe |
Broker to Cadogan Petroleum plc |
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David Porter |
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+44 (0) 20 7894 7000 |
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