Scandoil  

Gulfsands Petroleum removes Mahdi Sajjad as CEO


Published May 20, 2015
Gulfsands Petroleum

Gulfsands Petroleum provides an update on previously announced management changes.

On 14 April 2015 the Company advised that Mr Mahdi Sajjad had been removed from his role as the Company's Chief Executive.

The Company has been advised by Mayer Brown International LLP, acting on behalf of Mr Sajjad, the action taken on 13 April 2015 constituted a material adverse change to Mr Sajjad's employment which he had not consented to; furthermore, Mr Sajjad has elected to treat his employment contract terminated on 8 May 2015 and that certain payments are now due under his employment contract.

The Company will seek legal advice on this matter and make further announcements when appropriate.

Tags: Gulfsands Petroleum plc




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml