Otto Energy Limited (AU:OEL) has released an update.
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Otto Energy Limited has announced the resignation of CEO Steve Herod and the immediate appointment of Phil Trajanovich as Acting CEO, who has been with the company since 2016. Trajanovich, with over 20 years of experience in the oil and gas industry, is expected to further the company’s cost-cutting initiatives. The board has expressed gratitude to Herod for his service and is confident in Trajanovich’s internal promotion to the leadership role.
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