Cadogan Petroleum Directorate Change

 
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      [phone] 
 
Ben Harber              Company Secretary            [phone] 
 
Cantor Fitzgerald       Broker to Cadogan Petroleum 
Europe                  plc 
 
David Porter                                         [phone] 
 
 
 
 
END 
 

(END) Dow Jones Newswires

July 18, 2019 05:01 ET (09:01 GMT)