Beach Energy (ASX:BPT) - CEO, Morné Engelbrecht
CEO, Morné Engelbrecht
Source: Beach Energy
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Following an extensive international recruitment process, Beach Energy (BPT) appoints Morné Engelbrecht as Chief Executive Officer, effective immediately
  • He will be paid a salary of $1.27 million, with short and long term incentives on offer based on performance goals
  • Mr Engelbrecht is believed to be the best candidate to execute development programs and the next phase of growth
  • He has over 20 years experience in the oil, gas, and resource industry and has worked with the company as Chief Financial Officer over the last six years
  • Shares are trading 5.44 per cent lower today at $1.61 each at 10:42 am AEST

Following an extensive international recruitment process, Beach Energy (BPT) has appointed Morné Engelbrecht as Chief Executive Officer, effective immediately.

He will be paid a salary of $1.27 million, with short and long term incentives on offer based on performance goals.

The search process was conducted by the company’s Board of Directors and external advisors, with Mr Engelbrecht believed to be the best candidate to execute development programs and the next phase of growth.

Mr Engelbrecht has over 20 years’ experience in the oil, gas, and resource industry. He has spent the last six years in the role of Chief Financial Officer within the company.

He stepped up as Acting CEO in November and has successfully overseen capital programs in the offshore Otway Basin and Perth Basin.

“Morné has clearly demonstrated his leadership capabilities over many years
with Beach and his credentials are ideally suited for continuing the delivery of our strategy,” Chairman Glenn Davis said.

Shares were trading 5.44 per cent lower today at $1.61 each at 10:42 am AEST.

BPT by the numbers
More From The Market Herald
Ballymore Resources (ASX:BMR) - Non Executive Chairman, Nick Jorss

" Ballymore Resources (ASX:BMR) intersects significant assays at Seventy Mile Mount

Ballymore Resources (ASX:BMR) has intersected significant assays in its initial drilling program at the Seventy Mile…

" Ballymore Resources (ASX:BMR) begins stage one drilling at Ruddygore

Ballymore Resources (ASX:BMR) has begun stage one drilling at the Ruddygore Prospect in North Queensland.

" Ballymore Resources (ASX:BMR) confirms displacement of Duffer lode at Dittmer mine, QLD

Ballymore Resources (ASX:BMR) has confirmed through diamond drilling that the historic Duffer lode at its Dittmer…
The Market Herald Video

" Bannerman Resources (ASX:BMN) raises $12M for Etango-8

Bannerman Resources (ASX:BMN) has successfully tapped investors for an extra $12 million in funding for its…