Pennpetro Energy Plc (LSE:PPP) has announced the appointment of Richard Spinks as its new Executive Director and Chief Executive Officer, signaling a major step in the company’s ongoing strategic evolution. The leadership transition follows RMD Group exercising its right to nominate directors to the board. Former CEO Robert Menzel will remain a board member after stepping down from his executive role.
Spinks, who brings deep expertise in renewable energy, decarbonization, and sustainable development, is expected to guide the company through its next phase of growth and strengthen its long-term value creation strategy.
The company said the leadership change reflects its commitment to aligning traditional energy development with emerging transition opportunities. Management emphasized that Pennpetro aims to capitalize on key assets such as the Limnytskyi License to enhance operational performance and shareholder returns.
More about Pennpetro Energy Plc
Pennpetro Energy Plc is an energy development company pursuing both conventional and transitional energy projects. Its strategy focuses on innovative project development, strategic partnerships, and leadership-driven growth to deliver sustainable value for shareholders.
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