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Coro Energy Plc >
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Coro Energy - Cost reductions result in board restructuring

  • 03 Apr 2020

Coro Energy - Cost reductions result in board restructuring


Coro Energy Plc (CORO:LON) | 0.6 0 0.0% | Mkt Cap: 5.04m


  • Edison
    • 2 pages

Oil & Gas - Integrated image



 
Oil & Gas - Integrated image



Coro Energy has announced that in light of the unprecedented market changes, its board has initiated a material cost-reduction programme. As a result, James Menzies, the company’s CEO, saw his employment terminated with immediate effect. The board also mutually agreed with Nick Cooper that he will leave the company with immediate effect. Following these changes, the board will consist of James Parsons as nonexecutive chairman and Andrew Dennan, Marco Fumagalli and Fiona MacAulay as non-executive directors. As result of recent developments and Coro’s current situation, we are suspending our valuation.


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Coro Energy - Cost reductions result in board restructuring


Coro Energy Plc (CORO:LON) | 0.6 0 0.0% | Mkt Cap: 5.04m


  • Published: 03 Apr 2020
  • Author:
  • Pages: 2
  • Edison


Coro Energy has announced that in light of the unprecedented market changes, its board has initiated a material cost-reduction programme. As a result, James Menzies, the company’s CEO, saw his employment terminated with immediate effect. The board also mutually agreed with Nick Cooper that he will leave the company with immediate effect. Following these changes, the board will consist of James Parsons as nonexecutive chairman and Andrew Dennan, Marco Fumagalli and Fiona MacAulay as non-executive directors. As result of recent developments and Coro’s current situation, we are suspending our valuation.



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