Madalena Energy Inc. (TSXV: MVN and OTCQX: MDLNF) has confirmed the departure of Kevin Shaw as president and CEO of the company. Steven Sharpe, chairman of the board, has been appointed interim president and CEO, and will direct the ultimate search for a permanent CEO.
Additionally, Madalena has appointed Eric Mark to the board, effective immediately. Mark, an independent director, is currently a managing director at Batuta Capital Advisors. Prior to joining Batuta, Mark was a senior analyst/junior portfolio manager at BTG Pactual, a Brazilian investment bank. He received a bachelor’s degree in economics and French literature, and a master’s degree in economics from Indiana University, respectively. Mark completed PhD course-work in mathematical economics, international economics and development economics. He received his Master of Business Administration degree from the University of Chicago with concentrations in finance, international business, and statistics.
Madalena is an independent, Argentina-focused, upstream oil and gas company. It holds approximately 950,000 net acres in four provinces of Argentina, where it is focused on the delineation of large shale and unconventional resources in the Vaca Muerta shale, Lower Agrio shale, and Loma Montosa oil play.