Cadogan Petroleum Directorate Change
18 July 2019 - 7:01PM
UK Regulatory
TIDMCAD
Press
Release
18 July 2019
This announcement is deemed to contain Inside Information as defined under the
Market Abuse Regulations n. 596/2014
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
Guido Michelotti Chief Executive Officer +380 (44) 594 5870
Ben Harber Company Secretary +44 0207 264 4366
Cantor Fitzgerald Broker to Cadogan Petroleum
Europe plc
David Porter +44 (0) 20 7894 7000
END
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