Tethys Petroleum appoints new executive chairman

Tethys Petroleum Ltd.

Tethys Petroleum Ltd. (TSX: TPL)(LSE: TPL), which focuses on oil and gas exploration and production activities in Central Asia and the Caspian, reports that its board of directors has appointed John Bell as the new executive chairman of the company, effective Nov. 26.

With Bell’s appointment as executive chairman, the board’s Executive Committee now consists of Bell, Julian Hammond, and Denise Lay.

The company has also made the following appointments of directors to board committees:

David Botting has been appointed to the Audit Committee, to serve alongside Marcus Rhodes and James Rawls. Marcus Rhodes will continue to serve as chairman of this committee.

David Henderson and David Roberts have been appointed to the Reserves Committee to serve alongside Rawls, with Roberts being appointed to serve as chairman of this committee.

Botting and Roberts have been appointed to the Compensation and Nomination Committee, with Botting being appointed to serve as chairman of this committee.

The board has also resolved to discontinue the mandate of the Strategic Risk Committee, with future board-level decisions on strategic risk being reserved for the board.

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