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Bullboard - Stock Discussion Forum Petro Rio S.A. HRTPF

"Petro Rio SA is engaged in exploration and production of oil and gas in Brazil and abroad. The Company is currently engaged in the hydrocarbon production in Polvo field."

GREY:HRTPF - Post Discussion

Petro Rio S.A. > Another one bites the dust
View:
Post by robnhood on May 15, 2013 7:48pm

Another one bites the dust

NEWS RELEASE

BOARD MEMBER RESIGNATION

Rio de Janeiro, May 15, 2013 - HRT Participações em Petróleo S.A. (the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP) hereby announces the irrevocable resignation presented by Mr. Stefan Alexander in the Resignation Letter addresses to the Chairman of the Board of Directors Mr. John Anderson Willott, from his position as member of the Board of Directors of HRT. 

Mr. Stefan was elected in the Company´s Annual Shareholders' Meeting held on April 29, 2013 and has stated that his decision to resign in due to personal reasons. The Company informs that the Board of Directors remains composed by 10 members, being 8 independents.

Comment by robnhood on May 15, 2013 8:56pm
Just looking through Google at this. Seems that this Stefan Alexander was just appointed to the board, and sugested by SEA...  Things are definitely very wobbly.