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Source: www.gulfoilandgas.com 6/19/2012, Location: Europe
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Ophir Energy plc announces that Mr. Rajan Tandon has notified the Board that he will be stepping down as a Non-Executive Director at the Company’s Annual General Meeting (AGM). Rajan Tandon is an employee of Mittal Investments Sarl (Mittal), a major shareholder, and was appointed to the Board as Mittal’s representative in September 2009.
As previously announced on 02 December 2011, Dr. Alan Stein, a co-founder of Ophir and formerly its Managing Director until May 2012, informed the Board that he will not stand for re-election as a Director at its AGM.
Nicholas Smith, Chairman of Ophir commented:
“We thank Rajan on behalf of the Board for his tremendous contribution and counsel to Ophir Energy over the past three years. “The Board would also like to re-iterate our thanks to Alan, who has made an invaluable contribution to Ophir since day one, as both a co-founder and a leader of the Company. Alan’s energy and expertise have been a major factor in the growth of Ophir to where it is today. We wish Alan every success for the future.”
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