Andrew Hockey Takes Role as New Chair of Chariot Limited

2 min read | October 16, 2024 01:19 AM PDT | By Team Kalkine Media

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Andrew Hockey Takes Role as New Chair of Chariot Limited — Image source: Shutterstock

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Highlights:

New Chair Appointment: Chariot Ltd has appointed Andrew Hockey as the new non-executive chair, succeeding George Canjar, who has retired from the board immediately.

Acknowledgment of Contributions: Chief Executive Adonis Pouroulis commended Canjar for his significant contributions during critical periods of the company's development.

Focus on Business Progress: Chariot continues to advance its transitional power business and Green Hydrogen initiatives while evaluating next steps for its gas operations.

Chariot Ltd (OTC:OIGLF) has announced the appointment of Andrew Hockey as its new non-executive chair, following the immediate retirement of George Canjar from the board. Hockey, who previously served as a non-executive director, brings a wealth of experience to the role.

In a statement, Chief Executive Adonis Pouroulis expressed gratitude for Canjar's leadership during challenging times, emphasizing the significant contributions he made throughout his tenure. Pouroulis noted that Canjar's expertise and dedication would be missed by the team.

Hockey also acknowledged Canjar's hard work and expressed enthusiasm for a seamless transition, reiterating the board's commitment to maximizing value for shareholders. As Chariot navigates this leadership change, the company remains focused on executing its strategic objectives.

Chariot is making steady progress towards securing financing for its transitional power business, which is a key focus of its new venture. The company is actively pursuing various funding avenues for its Green Hydrogen initiatives, reflecting its commitment to sustainable energy solutions.

Recent well results have prompted Chariot to evaluate its next steps in the gas sector, with further updates to be provided in due course. Pouroulis highlighted that the company is prioritizing capital preservation and has already implemented measures to reduce costs where feasible while assessing forward work programs.

As Chariot embarks on this new chapter with Hockey at the helm, it aims to build on its existing momentum and drive growth across its diverse portfolio of energy projects.

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