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Circle Oil Announced the Step Down of its Chairman

Source: www.gulfoilandgas.com 9/6/2013, Location: Europe

Circle Oil Plc, the international oil and gas exploration, development and production company, announces that Thomas Anderson, Chairman of the Company, has decided to step down from his position, effective from the AGM, held earlier today.

Thomas Anderson commented:

"I have been delighted to serve as a Director and as Chairman of Circle since 2003. In this time I have had the pleasure of working with a team dedicated to building a world class portfolio of assets and a profitable business on behalf of shareholders. Since taking on the position of Chairman, the company has grown considerably, as has the workload required of its Board. I feel now is the right time to step down and allow a new Chairman to take the helm as Circle continues its development."

The Board of Circle Oil thanked Thomas Anderson for his contribution:

"Thomas has played a critical role in the development of Circle. Our recent Interim Results underline the growth that has been achieved by the Company. Circle is now producing at record levels and is yielding an excellent financial return from its operations. This has been achieved in large part due to his stewardship of the Company over the last ten years. On behalf of the Company and its shareholders I would like to thank Thomas for his service as the Company's Chairman and wish him every success in the future".

Nicholas Clayton has been appointed as Interim Chairman.

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Related Categories: Events  Executive Recruiting  General  Legal  Petroleum Associations  Professional Associations  Sourcing & Procurement 

Related Articles: Events  Executive Recruiting  General  Legal  Petroleum Associations  Sourcing & Procurement 


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