Zenith Energy Ltd Appointment of new CFO (9304C)
April 21 2017 - 1:00AM
UK Regulatory
TIDMZEN
RNS Number : 9304C
Zenith Energy Ltd
21 April 2017
ZENITH ENERGY LTD.
("Zenith" or the "Company")
Appointment of CFO
Calgary, Alberta, April 21, 2017, Zenith Energy Ltd. ("Zenith"
or the "Company") (LSE: ZEN; TSX.V: ZEE), the dual listed
international oil & gas production company, is pleased to
announce the appointment of Mr. Luca Benedetto to the position of
Chief Financial Officer ("CFO"), replacing the current CFO. This is
a non-Board position.
Mr. Luca Benedetto is an Italian national, trained in Italy as a
registered accountant with further education in IFRS accounting and
consolidation at IPSOA Milan. He has more than twenty-five years of
accounting, auditing and financial administration experience. Mr.
Benedetto began his professional career as an accountant and
computer programmer responsible for financial software development
and worked for the Italian division of IBM as an internal auditor
and accountant as well as providing staff training in these
aforementioned fields.
Mr. Benedetto also served for seven years as a financial and
administrative officer in a well-established Italian company
specialising in the construction of fuel and water storage tanks.
Among other tasks, his responsibilities included maintaining and
developing relationships with many international and Italian oil
majors such as Exxon, Shell, IP, AGIP, API, and ERG.
Mr. Benedetto joined the Zenith Energy Ltd. group in 2013 as
Chief Financial Officer of the Company's Italian subsidiary, Canoel
Italia S.r.l., and has since progressed to also hold the position
of Group Financial Controller. In this capacity he has been
directly involved in the monitoring of business performance, cash
flow management, budgetary oversight, accounts team supervision,
accounts preparation and strategic planning. Since January 2016 Mr.
Benedetto has also been responsible for the compiling and reviewing
of the quarterly Consolidated Financial Statements and Management's
Discussion and Analysis of the Company.
Whilst at Zenith Mr. Benedetto's most important achievement has
been the preparation of all the financial information included in
Zenith's Prospectus published in January 2017. Mr. Benedetto
followed this process extensively, collating the many accounting
and financial presentations necessary for the document to be
approved.
The appointment of Mr. Benedetto to the position of Chief
Financial Officer is subject to the review and approval of the TSX
Venture Exchange.
The Company would also like to thank Mr. Alan Hume for his work
and contribution as Chief Financial Officer over the past nine
months.
Zenith Chairman, José Ramón López-Portillo, commented:
"I am pleased to announce Mr. Luca Benedetto's appointment as
CFO of the Company. Mr. Benedetto has excelled in his accounting
and financial management responsibilities within Zenith's Italian
operations and has played a particularly important role in the
preparation of the extensive financial documentation necessary for
its successful listing on the UK Official List. The Board of
Directors is confident that he will be a valuable asset as the
Company works towards achieving its growth objectives."
For further information, please contact:
Zenith Energy Ltd.
José Ramón López-Portillo
Chairman of the Board
Andrea Cattaneo
CEO & President
E-mail: info@zenithenergy.ca
Telephone: +1 (587) 315 9031
Telefax: +1 (403) 775 4474
This information is provided by RNS
The company news service from the London Stock Exchange
END
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