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Molopo replaces CEO as share price slumps

Struggling junior oil and gas explorer Molopo Energy has replaced its chief executive after only 12 months after the company missed production targets and the share price slumped.

Angela Macdonald-Smith
Angela Macdonald-SmithSenior resources writer

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Struggling junior oil and gas explorer Molopo Energy has replaced its chief executive after only 12 months after the company missed production targets and the share price slumped.

Steven Cloutier, president of oil and gas corporate advisory Skyridge Capital, would take over from Tim Granger as chief executive immediately, Molopo said on Thursday.

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Angela Macdonald-Smith writes on the resources industry with a focus on energy, including gas, oil, electricity and renewables. Connect with Angela on Twitter. Email Angela at amacdonald-smith@afr.com

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    Original URL: https://www.afr.com/companies/energy/molopo-replaces-ceo-as-share-price-slumps-20130117-j18gh