Magellan Petroleum (MPET) CEO Wilson Resigns; Successor Appointed

August 8, 2016 8:53 AM EDT
Get Alerts MPET Hot Sheet
Trade MPET Now!
Join SI Premium – FREE

News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.

Magellan Petroleum Corporation (NASDAQ: MPET) announced that Mr. Wilson tendered his resignation as the President and Chief Executive Officer ("CEO") and a director of the Company effective as of August 5, 2016, and the board of directors appointed Mr. Lafargue, the Company's current Chief Financial Officer, as President and CEO.

J. Robinson West, Chairman of the board, commented, "We want to thank Mr. Wilson for leading Magellan through a very challenging time in the industry and to the announced merger with Tellurian Investments Inc. ("Tellurian"). We are delighted that Mr. Lafargue will step up as President and CEO until the merger with Tellurian is consummated, as he has proven to be a very capable executive."

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Management Changes, Management Comments

Related Entities

Definitive Agreement

Add Your Comment