CNOOC Appoints New CEO
CNOOC Limited announced Wednesday that Yang Hua has been appointed as its new CEO, effective immediately.
Hua remains chairman of the company. In addition to this new appointment, Wu Guangqi has resigned as compliance officer of the company and Yuan Guangyu has been appointed as the new president and executive director. Li Fanrong has resigned from his position as CEO, president and executive director and Chen Wei has been appointed as compliance officer and general counsel.
“The board of directors would like to express their appreciation and gratitude to Mr. Li Fanrong for his outstanding contributions to the company over the past few years, and wish Mr. Li all the best in his new position,” said a CNOOC company statement.
“Together with Mr. Yuan and the management, I will lead the company to proactively tackle the challenges of low oil prices, adjust our development concept in a timely manner, and promote the Company’s sustainable development to create greater value for our shareholders.” Said Yang Hua, chairman and CEO of CNOOC Limited, in a company statement.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- ExxonMobil Reports More Offshore Guyana Success (Jan 05)
- CNOOC 3Q Revenue Rises; Only Halfway To 2017 Spending Goal (Oct 25)
- CNOOC Completes Test Runs at Huizhou Refinery in Guangdong - Report (Oct 09)