Conrad Asia Energy CEO to Step Down

MT Newswires Live

06/04

Conrad Asia Energy (ASX:CRD) said that Chief Executive Miltos Xynogalas will step down, effective Aug 31, according to an Australian bourse filing on Wednesday after market hours.

Xynogalas will transition to an executive position focused on the company's Indonesian operations, business development, partner relations, and government engagement, per the filing.

Peter Botten has been appointed executive chairman, overseeing capital markets, investor engagement, the Mako project through first gas, and Conrad's Aceh assets.

The company will begin an immediate search for a new CEO, the filing added.

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