Carbon Energy and its Chief Executive Officer, Mr Englebrecht, have agreed to extend his Executive Service Agreement, currently expiring on the 17 June 2016, to the 12 August 2016, to ensure an orderly leadership transition.
Carbon Energy Chairman, Dr Chris Rawlings, commented: “After nearly five years with the company, Morné is moving on to pursue an opportunity in the oil and gas sector. On behalf of the Board and Shareholders, I thank Morné for his valuable contribution during some very challenging times.”
While the company continues to expand into other regions of the world, the Board will be seeking a new leader with appropriate skills, aligned to conducting international business, particularly in Asia, to take it forward during its next stage of growth.
Edited from press release by Harleigh Hobbs