- Armour Energy (AJQ) appoints Christian Lange as CEO, effective from July 25
- Prior to joining Armour, he was the Founder and Managing Director of Griffin Energy Solutions, a specialist well engineering and project management company
- His remuneration package includes a $480,000 per annum salary which includes superannuation
- Shares in Armour Energy are up 7.69 per cent to close at 0.7 cents
Armour Energy (AJQ) has appointed Christian Lange as CEO, effective from July 25.
Mr Lange is a highly experienced executive within both the Australian and international resources industries with over 30 years of experience in executive and operational roles.
Prior to joining Armour, he was the Founder and Managing Director of Griffin Energy Solutions, a specialist well engineering and project management company.
He was an executive at a leading global oil and gas field services provider, Schlumberger, where he spent 18 years in executive and operational management in the Oceania region, the Middle East, the United Kingdom, Venezuela and the USA.
Commenting on the appointment, Chairman Nicholas Mather said Mr Lange is an experienced CEO with the necessary skills to lead Armour to both maximise profitability from its existing production assets.
“Armour’s board is excited to have been able to attract an executive of his calibre and, together with Armour’s management team, looks forward to working with Christian to deliver superior returns for our shareholders,” he said.
Reiterating Mr Mather’s sentiments, Mr Lange has set his priorities to work with the company to develop the business and deliver increased value to shareholders.
“The company has a vast and diverse portfolio of assets of which I have a sound understanding,” Mr Lange commented.
“I am committed to realising and being part of Armour’s future success.”
His remuneration package includes a $480,000 per annum salary which includes superannuation. He will also be paid up to $100,000 in Armour shares at the company’s election.
Shares in Armour Energy were up 7.69 per cent to close at 0.7 cents.