(MENAFN- ProactiveInvestors)
(; OTC ADR:LNGLY) has now made some key appointments as the company moves towards mid-scale LNG sector market leadership.
Anthony Gelotti has been appointed as chief development officer based in Houston Texas.
Responsibilities will include assisting in the close‐out of the full production capacity of Magnolia LNG; developing new North America and international opportunities for mid-scale LNG projects and conducting M&A activities.
John Baguley chief operating officer for Magnolia LNG will assume the additional responsibilities of LNGL chief technical officer.
He will have strategic responsibility for identifying technical opportunities for mid-scale LNG projects.
Finally Dr Nimalan Gnanendran has been promoted to the position of LNGL technology manager with all appointments effective from December 1st 2015.
Maurice Brand managing director and CEO commented:
“The appointments of Anthony and John at the corporate level greatly enhance the depth of the LNGL leadership group and are building blocks towards capitalizing on recent announcements on Magnolia LNG its progress to Financial Close as well as capturing new value enhancing LNG opportunities.
"I am also delighted that Nim has accepted the appointment to the new position of LNGL Technology Manager.”
The company is well-funded with A$149 million in cash at the end of October 2015.
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