Robert Cole Resigns as Beach Energy's MD, Neil Gibbins to be Acting CEO

Australia's Beach Energy Ltd. reported that Neil Gibbins will continue in his role as Acting CEO until a candidate has been appointed to replace Robert Cole who resigned Wednesday as the company's managing director.

Cole, a former executive vice president (Corporate and Commercial) at Woodside Petroleum Ltd. who joined the company in March, will remain with Beach until Oct. 14 to allow for an orderly transition.

"As announced on Aug. 19 Cole has been on leave to attend to family matters in Perth. As a result of those matters, Cole has decided it is not possible to return to a full time executive role with Beach in Adelaide. He has accordingly resigned. In the circumstances the Board has waived what would otherwise have been notice requirements under Mr Cole’s employment agreement," the company said in a press release.

Beach Energy said it will commence the process of replacing Cole.

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