Mediterranean Oil Appoints Non-Executive Chairman

Mediterranean Oil and Gas has appointed Michael F.H. Bonte-Friedheim as its Non-Executive Chairman with immediate effect.

Michael Bonte-Friedheim (39) has been a Non-Executive Director of MOG since June 2006. Previously, he was a Managing Director in the investment banking division of Goldman Sachs, focusing on the electricity, gas and utility sectors in Europe. He holds an MBA from INSEAD. Mr. Bonte-Freidheim has also been appointed to the Company's remuneration and audit committees.

Mr. David Lenigas, the Non-Executive Chairman, will continue as a Non-Executive Director of MOG, whilst focusing on his other board directorships within the natural resources arena.

The detailed terms of Mr Bonte-Friedheim's appointment will be finalized in the next few days.

Giovanni Catalano, Chief Executive of MOG commented:
"We are delighted that Michael has agreed to become our Chairman. He is extremely experienced within the European Energy sectors and brings us a leading financial skill set. His expertise will be invaluable to MOG as it looks to develop into a significant oil and gas player in the Mediterranean area. "

Michael Bonte-Friedheim, Non-Executive Chairman of MOG commented:
"I would like to thank David Lenigas for his stewardship of the Company as Non-Executive Chairman which commenced when MOG floated on AIM in November 2005. His on-going support and wealth of knowledge will continue to be very important to the Board.

MOG has all the key fundamentals in place to become a uniquely positioned oil and gas company within the Mediterranean region; a highly experienced management team, plus ownership of some very attractive production, development and exploration assets. I look forward to working with the Board to achieve its ambitious plans."

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Project Manager
Expertise: Engineering Manager|Project Engineer
Location: Orlando, FL
Project Manager
Expertise: Engineering Manager|Project Engineer
Location: Chicago, IL
HR Advisor
Expertise: Cementing|HR - General
Location: Mt Braddock, PA
search for more jobs

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours