18th Jul 2019 12:03
(Alliance News) - Cadogan Petroleum PLC said Thursday Chief Executive Guido Michelotti has resigned from his role for "personal reasons" with effect at the end of September.
Michelotti will become executive director until November 15 in order to secure an orderly transition with whoever will be the new CEO.
Michelotti has been chief executive for four years, and prior to that was part of Luxembourg-based private equity fund Schwarzfield Energy Fund for 18 months.
Cadogan will begin the search for a new chief executive, and will make an announcement in due course.
Shares in the oil & gas company were untraded on Thursday, last quoted at 7.25 pence in London.
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