Corcel PLC has announced changes to its board and management team. Mr. Antoine Karam will step down from the role of non-executive Chairman, and Mr. Andrew Fairclough will take on the position of interim non-executive Chairman. Mr. Fairclough, with over 28 years of experience in finance and the oil and gas industry, will support the management team through the transition phase. The company also confirms Mr. Scott Gilbert's appointment as permanent Chief Executive Officer, and he will join the Board as an executive Director once regulatory checks are concluded. Additionally, Mr. Deepak Kohli will no longer be joining the Board.

The Board of the Company will consist of Executive Directors, including Mr. Scott Gilbert and Ms. Geraldine Geraldo, and Non-Executive Directors, including Mr. Andrew Fairclough, Mr. Pradeep Kabra, Mr. Antoine Karam, and Mr. Yan Zhao. Mr. Fairclough expressed his anticipation in supporting Scott and the management team as they progress in Angola and pursue M&A opportunities in Brazil under the Collaboration Agreement signed with Conterp.

For further information, interested parties can contact Corcel Plc or its representatives at WH Ireland and Vigo Communications.