Gulf Oil and Gas accountACCOUNT

Otto Appoints New CEO & Manager Director

Source: 9/14/2020, Location: Not categorized

Otto Energy Limited is pleased to advise that Mr Michael Utsler has been appointed as Chief Executive Officer and Managing Director of the Company, commencing his role on 11 September 2020. Mr Utsler is an oil and gas executive with more than 40 years of experience in senior international oil and gas sector roles, including 15 years in the Gulf of Mexico and 5 years as Chief Operating Officer of Woodside in Australia. His career has encompassed senior executive, leadership and board roles with Amoco, BP, Woodside and New Fortress Energy. He holds a B.S. in Petroleum Engineering from the University of Oklahoma.

Mr Utsler has undertaken a robust due diligence of Otto and its assets prior to joining. This has included consulting to the Company over the past six weeks in preparation for his appointment. Upon Mr Utsler assuming his role, current Otto Executive Chairman, Mr John Jetter, will resume the role of Non-Executive Chairman.

Otto Executive Chairman, Mr John Jetter, said: "Having undertaken a thorough internal and external selection process, we take great pleasure in announcing that Mike Utsler will join Otto as the new CEO and Managing Director. We believe Mike to be a great fit, given his strong track record as a senior executive and his deep understanding of the US and Australian oil and gas industry.

Throughout his career, Mike has maintained a clear focus on development and operational performance, along with the enhancement of shareholder value. In his work at Woodside and BP, Mike earned a reputation as one of the leading energy executives in the industry. At the outset, Mike will conduct a detailed strategic review, set a clear operational plan and assess all parts of the business, including a review of our existing asset base. He will work with the Board and executive team to continue its cost reduction process, ensuring Otto can maximise returns as oil prices recover.

Of his appointment, Mr Utsler said: "I am delighted to be joining the Otto team. I believe Otto has a high-quality portfolio of operating and development assets that offers substantial value upside.

The company, along with its senior team, has proven itself a partner of choice within the industry and holds significant technical credibility, particularly in the Gulf of Mexico region. I look forward to getting started and delivering on the potential for all Otto shareholders."

Executive Recruiting News in Australia >>

United States >>  10/20/2020 - McDermott International, Ltd has announced that industry-veteran Neil Bruce has joined its Board of Directors. Mr. Bruce brings 40 years of senior exe...
United States >>  10/20/2020 - Quantum Energy Inc. is pleased to announce that on October 14, 2020 it appointed two new Directors to its Board of Directors. Robert Henry and Timothy...

Norway >>  10/19/2020 - The Board of Directors of Saga Tankers ASA announces the strategy within renewable energy investments and has appointed Bjorn Simonsen as Chief Execut...
Belgium >>  10/16/2020 - NHV Group has announced the appointment of Mr. Lars Skov as ‘Head of Commercial’, effective immediately.

Lars Skov has extensive commercial...

Australia >>  10/15/2020 - Icon Energy Limited wishes to advise that it received notice from Non-Executive Director Howard Lu that he has decided to resign as a director of the ...
Canada >>  10/15/2020 - Razor Energy Corp. is pleased to announce the appointment of Mr. Sean Phelan to its Board of Directors, effective October 15, 2020. ...

Australia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.