Mr Gasteen announced at the company’s 2020 Annual General Meeting (AGM) that it would be his final AGM as Chair of the company and he would step down on 1 March next year.
Central Managing Director and CEO Leon Devaney said Mr Gasteen had provided the company with steady leadership as chair over the past 14 months, despite very challenging markets.
“Central is now looking to make another large step-change as we focus on exploration, project delivery and reducing gas transportation costs, all of which will benefit greatly from Mick becoming Central’s next Chair,” he said.
Mr McCormack, best known as the former Managing Director of APA Group, was unanimously supported by the board for the role.
“My immediate focus as incoming Chair will be on the execution of our value adding growth strategy while maintaining our record of safe and efficient operations,” he said.
Central’s future plans include its exploration programs in the Northern Territory and Queensland and its continued support of the proposed Amadeus to Moomba Gas Pipeline.
For more information visit the Central Petroleum website.
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