Upstream chief leaves MOL
Hungarian oil and gas company MOL on Monday said the head of its exploration and production business, Alexander Dodds, was leaving his position "for personal reasons" effective immediately, Hungarian news agency MTI reported yesterday.
"MOL Group would like to acknowledge Doddsʼ contribution to the group during the past two years, wishing him all the best in the future," MOL said in a statement on the website of the Budapest Stock Exchange.
MOL said Berislav Gaso had been nominated to manage the exploration and production business in his current capacity as chief operating officer.
MOL announced earlier in September that it would make a big write-down on a block it operates in the Kurdistan Region of Iraq, after "significantly reducing" the geological potential of the license.
ADVERTISEMENT
Mapei Targets 6% Higher Revenue This Year
Parliament Negates Mandatory Membership in MOK
Hungary to Roll out Online Price Monitoring System
Meet the Expat CEO of the Year Nominees
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
