Clive Oliver appointed as CEO of Tethys Petroleum Limited (Cayman Islands)
09.09.19 14:59
/KASE, September 9, 2019/ – Tethys Petroleum Limited (Cayman Islands),
whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has
provided KASE with the following press release dated September 3, 2019:
quot
The Board of Directors of Tethys Petroleum Limited ("Tethys" or the
"Company") today announces that Mattias Sjoborg has decided to step down
from the role of Chief Executive Officer ("CEO") with immediate effect but will
remain a member of the Board. The other Board members wish to express their
appreciation to Mr. Sjoborg for his excellent contribution to Tethys as CEO
during which time the group significantly increased its revenues and further
streamlined its cost structure.
The board also announces Clive Oliver as its new CEO. Mr. Oliver is also Chief
Financial Officer and joined the Company in August 2013. This change is
primarily being made as a cost saving initiative and the Board feels combining
these roles is appropriate at this time given Mr. Oliver's experience and
knowledge of the business and the Company’s current stage of development
where operational management is located in Kazakhstan.
unquote
[2019-09-09]