Jadestone Energy (LSE:JSE) has announced that non-executive director Gunter Waldner has resigned from the company’s board with immediate effect.

Waldner served on the board as the nominated representative of Tyrus Capital under an existing relationship agreement between Tyrus and Jadestone.

The source material does not provide a reason for Waldner’s resignation or indicate whether a replacement representative will be appointed.

Board change ends Waldner’s tenure as Tyrus representative

Waldner’s departure brings his tenure as Tyrus Capital’s nominated board representative to an end.

Jadestone did not announce any changes to its operational strategy or regional development plans in connection with the board change.

The company continues to operate its portfolio of production and development assets across the Asia-Pacific region.

Jadestone operates across four Asia-Pacific markets

Jadestone Energy is an independent upstream oil and gas company with assets in Australia, Malaysia, Indonesia and Vietnam.

The Singapore-headquartered company is listed on London’s AIM market and pursues growth through organic development and acquisitions in the Asia-Pacific region.

Its strategy includes improving operating efficiencies at its oil and gas assets, reducing costs and investing to increase production.

Jadestone is also seeking to increase the contribution of natural gas within its operations and has committed to achieving net-zero Scope 1 and Scope 2 emissions from its operated assets by 2040.