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:
Michael Bonte-Friedheim, Non-Executive Chairman of MOG commented:
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."
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