Trio Petroleum Corp. (TPET) has shared an announcement.
Trio Petroleum Corp. announced the resignation of Michael L. Peterson as CEO and Director, effective July 11, 2024, transitioning to a consultant role until October 11, 2024. Peterson will be compensated with a monthly fee and 1,000,000 restricted stock units. Concurrently, Robin Ross, the Chairman of the Board and co-founder of the company, will take over as CEO. Ross brings extensive experience from previous leadership roles and is set to receive a base salary, potential bonus, and equity incentives as part of his employment agreement.
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