JOHANNESBURG (miningweekly.com) – ASX-listed Beach Energy’s new CEO, Matthew Kay, would start earlier than previously reported, chairperson Glenn Davis announced on Tuesday.
Kay, who joins Beach from Oil Search, would start on May 2, instead of the previously announced appointment date of July 17, after his commitments changed, allowing for an earlier start date.
“With all approvals for the merger with Drillsearch obtained, Matt will commence during an exciting period for the company. Matt has extensive corporate development and operational experience in the oil and gas industry, which will prove invaluable as we integrate Drillsearch and continue to execute our strategy,” Davis commented.
Beach’s merger with Drillsearch became effective last week after the Federal Court of Australia approved the friendly tie-up. The companies expect the implementation date of the merger to be March 1.
February 18 was the last day of trading on the ASX for Drillsearch, whose shareholders were offered 1.25 Beach shares for every Drillsearch share held.
In the meantime, Neil Gibbins would continue as acting CEO.
Edited by: Creamer Media Reporter
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