Fortune Oil announced that Tee Kiam Poon has resigned as an Executive Director of the Company to be effective from 31 December, 2013 and he will cease to hold the office of the Chief Executive of the Company with effect from 1 January 2014.
Tee confirmed that he has no disagreement with the Board and the Company, and there is no matter in relation to his resignation that needs to be brought to the attention of the shareholders of the Company.
The Board is considering the structure of the management of the Company following the completion of the China Gas transaction and will announce the new Chief Executive appointment soon.
[mappress] LNG World News Staff, November 13, 2013