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- Otto Energy (OEL) has appointed Michael Utsler as its new CEO and Managing Director
- Michael is an oil and gas executive with more than 40 years of experience in senior international roles
- This includes 15 years in the Gulf of Mexico and five years as Chief Operating Officer at Woodside
- He has also held senior executive roles with the likes of New Fortress Energy, BP, and Amoco
- In his new role, Michael will undertake a strategic review and assess all parts of the business
- Otto Energy is steady on the market and shares are currently trading for one cent each
Otto Energy (OEL) has appointed Michael Utsler as its new CEO and Managing Director.
“Having undertaken a thorough internal and external selection process, we take great pleasure in announcing that Mike Utsler will join Otto as the new CEO and Managing Director,” Executive Chairman John Jetter commented.
“We believe Mike to be a great fit, given his strong track record as a senior executive and his deep understanding of the U.S. and Australian oil and gas industry,” he said.
“At the outset, Mike will conduct a detailed strategic review, set a clear operational plan and assess all parts of the business, including a review of our existing asset base,” he added.
Michael is an oil and gas executive with more than 40 years of experience in senior international roles, including 15 years in the Gulf of Mexico and five years as Chief Operating Officer of Woodside.
He has also held senior executive roles with the likes of New Fortress Energy, BP, and Amoco.
“I am delighted to be joining the Otto team. I believe Otto has a high-quality portfolio of operating and development assets that offers substantial value upside,” Michael said.
“The company, along with its senior team, has proven itself a partner of choice within the industry and holds significant technical credibility, particularly in the Gulf of Mexico region,” he added.
Otto Energy is steady on the market and shares are trading for one cent each at 1:21 pm AEST.
