Join our daily newsletter At The Bell to receive exclusive market insights
- Kinetiko Energy (KKO) appoints Nick de Blocq as its new Chief Executive Officer to drive its strategic growth
- The role comes with a $240,000 annual salary package and two million performance options, exercisable at 10 cents per share
- Nick de Blocq will succeed Johan Visage who is retiring after a long career in the sector
- Kinetiko Energy is up 1.06 per cent, trading at 9.5 cents at 1:45 pm AEST
Kinetiko Energy (KKO) has appointed a new Chief Executive Officer to drive its strategic growth.
Nick de Blocq has been appointed to the role, bringing with him more than 33 years’ experience in the global oil and gas exploration and production industry.
The role comes with a $240,000 annual salary package and two million performance options, which allows the new CEO to acquire shares at 10 cents each.
Prior to the appointment, Mr de Blocq worked with companies including Schlumberger, SEPCO Industries and Moz Environmental.
Executive Chairman Adam Sierakowski said the company was pleased to welcome the new CEO to the helm of Kinetiko.
“His appointment will bring considerable expertise, in particular with his deep African drilling, project development and operational experience which is ideal as we continue to execute our next phase growth plan,” Mr Sierakowski said.
“The company is strongly poised in the current domestic and global energy market to aggressively pursue its strategy to become a leading clean energy source in South Africa and Nick’s appointment is highly complementary to our strategy.”
Mr de Blocq will succeed Johan Visage, who is retiring after a long career in the sector.
Kinetiko Energy was up 1.06 per cent, trading at 9.5 cents at 1:45 pm AEST.
