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Boss leaves as Neptune tries to shore up cash

Neptune Marine Services chief executive Christian Lange has resigned as the oil and gas services company tries to execute a deeply discounted $80 million capital raising.

Luke Forrestal
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Neptune Marine Services chief executive Christian Lange has resigned as the oil and gas services company tries to execute a deeply discounted $80 million capital raising to repair its balance sheet.

Mr Lange was the driving force behind an aggressive acquisition strategy that saw Neptune purchase more than a dozen businesses between 2006 and 2009,.

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    Original URL: https://www.afr.com/markets/commodities/boss-leaves-as-neptune-tries-to-shore-up-cash-20101124-j58hr