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Chagala Group

Chagala Group appoints Borko Moric and Bojan Moric as CEO and COO

The company extended its thanks and appreciation to Carter, Parrilla and del Ser Pérez for their contribution to the company during their term of office, including significant efforts taken to ensure the company's stability, sustainability and achievement of the targets in the challenging economic environment and rising competition

Board room
New men at the top at Chagala

Michael Carter, Francisco Parrilla and Javier del Ser Pérez have resigned as directors of Chagala Group Limited (LON:CGLO) following the completion of the offer by Realty Invest Holding.

Parrilla, who was the chief executive officer of the Capsian-focused oil & gas services provider, remains with the company to assist in the transition on a consultancy basis.

READ: Chagala shareholders back takeover offer from Realty Invest Holding

Borko Moric will succeed Parilla as chief executive officer. Bojan Moric will become the company's chief operations officer.

"I am very pleased that Mr Borko Moric and Mr Bojan Moric have agreed to step into the CEO and COO positions,” Parilla said.

“Their expertise in oil and gas industry will enable a seamless transition. I look forward to the continued evolution of Chagala as they work to grow and better serve the company's clients and communities and develop new opportunities in Kazakhstan and elsewhere," he added.

Shares in Chagala were unchanged on Friday afternoon.


 


 

Quick facts: Chagala Group

Price: $0.35

Market: LSE
Market Cap: $7.3 m
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