Appointment of Chairman

Published on 30th September, 2021

Twinza is pleased to announce that effective today, Stephen Quantrill has been appointed as Chairman of the Board.

Mr Quantrill replaces Ian Munro who has elected not to renew his employment contract as CEO with Twinza beyond its expiry on the 30th September 2021. Mr Munro will also be stepping down as Chairman of Twinza and resigning as a Director of the Company after 18 months in the roles.

Mr Quantrill has been a member of the Board of Directors of Twinza since May 2014, representing the Clough family interests. The Clough family is the founding shareholder of the Company and the largest holder on the register.

Twinza has commenced a CEO search process of both internal and external candidates and will update shareholders on progress in due course.

Chairman, Stephen Quantrill commented that,

“Ian has been instrumental in advancing Twinza’s Pasca A Project and we thank him and wish him continued future success. In order to ensure a seamless transition I will be travelling to Port Moresby in the very near term to meet with key stakeholders, to identify a path to the signing of the Pasca A Gas Agreement and subsequent entry to the front-end engineering and design phase of the Project.”