PetroNor E&P Announce Corporate Update
PetroNor (OSE ticker: “PNOR”), an independent oil and gas exploration and production company with a focus on production, development and exploration assets across sub-Saharan Africa, announces the following changes to the Board as the Company continues to enhance its Governance structure in line with best practice.
The Company announced the appointment of Mrs. Gro Kielland as an independent director to replace Mr. Gerhard Ludvigsen. Following these changes, the Board will consist of seven Directors, of which five are considered to be independent.
Mrs. Kielland is a highly experienced and credible industry figure, having previously been the former CEO of BP Norway, and currently holds a number of non executive roles, including a role on the Board of AkerBP, a company with a market cap of NOK 85 billion and a production of around 200,000 bopd. Mr. Ludvigsen will relinquish his position on the executive team, however, he will remain with the Company in an advisory role with specific focus on the Company’s effective ESG strategy.
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