Max Petroleum Plc, an oil and gas company focused on Kazakhstan, has made changes in its executive lineup, related to company cost-cutting initiatives.
Among the personnel changes included in the expense reduction actions will be the departure of Michael B. Young, as a director of the company on May 31,and as president and CFO with immediate effect, and his replacement as CFO by Kevin Clark, the company's chief accounting officer and company secretary. Clark will remain an officer of the company, which is not a board-level position.
Executive co-chairman Robert B. Holland III has taken on the role of interim CEO.