World News: 22:00 GMT Friday 14th September 2018. [TransGlobe Energy Corporation via Globe Newswire via SPi World News]
CALGARY, Alberta, Sept. 14, 2018 (GLOBE NEWSWIRE) -- TransGlobe Energy Corporation (“TransGlobe” or the “Company”) (TSX & AIM: “TGL” & NASDAQ: “TGA”) announces that, as part of the Company's ongoing succession planning, Ross Clarkson will retire as the Company’s CEO effective December 31, 2018. Randall (Randy) Neely, TransGlobe’s current President, will assume the role of President and Chief Executive Officer. Mr. Clarkson will remain with the Company as a Non-executive Director and both Mr. Clarkson and Mr. Neely intend to stand for re-election to the Company’s Board of Directors at the AGM in 2019.
The Company has opened an executive office in London to increase its investor profile in the London and European markets and to be closer to its primary area of operations and focus of business development opportunities. Effective immediately, Randy Neely will be based in London and will be joined, later this fall, by Lloyd Herrick, VP and COO and Eddie Ok, VP Finance and CFO.
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Globe Newswire: 22:00 GMT Friday 14th September 2018
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