KrisEnergy appoints new Chief Executive Officer

KrisEnergy announces that Kelvin Tang, Chief Operating Officer (“COO”) and President of the Company’s Cambodian operations, has been appointed Chief Executive Officer (“CEO”) with effect from 1 September 2017. Jeffrey S. MacDonald has resigned from the Interim CEO and Board Executive Director positions effective 31 August 2017.

Tan Ek Kia, KrisEnergy’s Non-executive Chairman, commented: “The Board of Directors welcomes Kelvin in his new role. Kelvin has been an instrumental member of senior management since KrisEnergy was established in 2009 and led our negotiations with the Cambodian government regarding the Block A petroleum agreement, which was signed on 23 August 2017. The Block A agreement is significant for Cambodia and for KrisEnergy.

“The Board would like to thank Jeff for his contribution as Interim CEO since July 2016 and as a Director on the KrisEnergy Board since establishment. We wish him success in his future endeavours.”

Kelvin Tang, COO, said: “I would like to thank the KrisEnergy Board for giving me this opportunity. There remain many challenges ahead and I will be working closely with my colleagues and the Board to execute our development plans and to create value for all stakeholders.”

Kelvin has been working in the upstream oil and gas industry since 2005 when he joined Pearl Energy Ltd. as General Counsel and Company Secretary.

The Company will hold a teleconference at 10.00 am SGT on 25 August 2017 to discuss the change in management and to answer any questions. Dial-in details are set out below, the conference ID to register with the operator is 74337422.

Image Source: KrisEnergy