Diversified Gas & Oil PLC (LON:DGOC), a US based owner and operator of natural gas, natural gas liquids and oil wells as well as midstream assets, announced today the following Board changes.
Robert Post has stepped down as Non-executive Chairman of the Company and will continue as a Non-executive Director with immediate effect.
David Johnson, Senior Independent Non-executive Director, has been appointed Independent Non-executive Chairman of the Company with immediate effect.
Commenting on the changes, David Johnson said:
“Under Mr Post’s Chairmanship the Company has seen tremendous growth and has been transformed into the major producer it is today. We are pleased to retain Mr Post’s ongoing support as a valuable member of the Board and as a material shareholder in the Company. I am honoured to assume the role as Independent Non-executive Chairman and believe that my considerable experience of UK Capital Markets will benefit the Company going forward.”
Rusty Hutson, CEO and Founder, added:
“This Board shuffle does not change the composition of the Board however it does place a larger emphasis on the value of independent governance. We are delighted that David will assume the role as Chairman and look forward to the continued benefit of the wise guidance that both David and Robert have contributed to the Board since the Company’s flotation in February 2017.”
