Po Valley Energy Ltd (ASX:PVE) is pleased that Dr Byron Pirola will continue as a strong core shareholder of the company following his resignation as a non-executive director.
Pirola has decided to step down from the oil and gas development company's board to pursue other business interests.
Described a “fantastic" director
Chairman Michael Masterman said: "Byron has been a fantastic non-executive director contributing to the strategic and financial direction of the company and maintaining a strong shareholding investment.
"We will miss Byron from the board but are very pleased he plans to continue as a strong core shareholder.”
“Strong position with two important assets”
Pirola said: “Following many years on the board of directors, I am pleased to leave PVE in a strong position with two important assets, Selva and Teodorico, nearing formal awarding of their final production concessions.
"While my increasing business demands mean I am unable to continue to give my board duties the attention they require, in resigning from the board I remain a strong supportive shareholder of the company and look forward to its ongoing progress.”