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Karoon Energy (ASX:KAR) - Founder, CEO & Managing Director, Robert Hosking - The Market Herald
Founder, CEO & Managing Director, Robert Hosking
Source: Australian Financial Review
  • Karoon Energy's (KAR) Founder, CEO, and Managing Director Robert Hosking has announced his intention to resign at the 2020 annual general meeting
  • Robert has more than 30 years' experience in the management of several companies and was the founding Director of Karoon
  • In December 2014, he stepped down as Executive Chairman and took on the role of Managing Director
  • Karoon has hired an independent specialist search firm to undertake a worldwide search for a new CEO and Robert will work with the board to ensure a smooth transition
  • Karoon is up a slight 2.05 per cent and shares are currently trading for 74.5 cents each

Karoon Energy's (KAR) Founder, CEO, and Managing Director Robert Hosking has announced his intention to resign at the 2020 annual general meeting.

Robert has more than 30 years' experience in the management of several companies and was the founding Director of Karoon.

In December 2014, he stepped down as Executive Chairman and took on the role of Managing Director.

Robert has 20 years' experience in the oil and gas industry and was the founding Director and shareholder of Nexus Energy.

Further, he also has more than 17 years' experience in the steel industry and has jointly owned and managed businesses in the global sourcing, shipping, and distribution of steel products.

"After 16 years at the helm, and having transformed Karoon from an $8 million pure-play exploration company in the onshore Gippsland Basin, to making offshore gas discoveries in the Browse Basin, reaching the ASX 200 index and developing the business in South America, I believe that I am leaving Karoon in a strong position with an exciting future," Robert said.

Karoon has hired an independent specialist search firm to undertake a worldwide search for a new CEO and Robert will work with the board to ensure a smooth transition.

"Bob's entrepreneurial skills, dealing capability, and tenacity have been the driving forces in getting Karoon to where it is today," Chairman Bruce Phillips said.

"We are indebted to Bob's vision and contribution and I look forward to acknowledging his achievements in a more fulsome manner at the 2020 annual general meeting," he added.

Karoon is up a slight 2.05 per cent and shares are trading for 74.5 cents each at 12:51 pm AEST.


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