logo-loader
viewCadogan Petroleum Plc

Cadogan Petroleum chief executive to step down in September

Guido Michelotti is stepping down as boss for "personal reasons".

oil
Michelotti will remain an executive director until November to ensure an orderly transition

Cadogan Petroleum PLC (LON:CAD) chief executive Guido Michelotti is to resign after four years in the top job.

The oil and gas company said Michelotti is stepping down for “personal reasons” in September after the release of the first-half results.

READ: Cadogan Petroleum applies for 20-year production licence at Monastyretska

He will remain an executive director until November to ensure an orderly transition with the next boss.

Chairman, Zev Furst, said he “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”.

Quick facts: Cadogan Petroleum Plc

Price: 4.85 GBX

LSE:CAD
Market: LSE
Market Cap: £11.43 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Cadogan Petroleum Plc named herein, including the promotion by the Company of Cadogan Petroleum Plc in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Cadogan Petroleum CEO highlights increasing production and business growth ...

Cadogan Petroleum Plc (LON:CAD) CEO Guido Michelotti tells Proactive London's Andrew Scott the company's continuing to make solid progress as it increases production and grows its exposure to a growing business outside Ukraine. He adds that the firm has a springboard for growth in Ukraine...

on 29/10/19

2 min read