Linc Energy, whose shares started trading in Singapore last December, has a new CEO.Craig Ricato, 44, took the helm from today, replacing Peter Bond, 52, who has assumed the role of executive chairman.Bond took over as chairman from Ken Dark, 71, who will remain on the board as a non-executive director.
Ricato joined Linc Energy in 2008 as general counsel and company secretary, and became executive director in 2010.
“The demands of the last 10 years have required a tremendous sacrifice from both my family and me, so I am looking forward to now performing more of a strategic management role on my journey with Linc Energy,” Bond said in a statement today.
Linc Energy is an oil and gas producer. It also owns and operates the world’s only commercial underground coal gasification facility, in Uzbekistan.
Shares of Linc Energy traded at $1.125, down 0.4%, at 0303 GMT.
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