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Petro Matad appoints Mark Zebrowitz as new COO

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Petro Matad (LON:MATD) has promoted drilling manager Mark Zebrowitz to the role of chief operating officer (COO) with immediate effect, it emerged today.

The firm's former COO, Rodney Graham, is leaving Petro Matad to resume his career in the mineral sector, but will still be based in Mongolia.

He will continue to provide consultancy services to the company -  managing its oil shale prospects, the firm said.

Zebrowitz, who joined the company last year, is an experienced oil industry professional with more than 25 years' international experience.

Petro Matad's chief executive Douglas McGay said: "Mr Zebrowitz has proven himself a skilled oil industry professional and has integrated well into the company's team and Mongolia since his appointment as drilling manager a year ago. 

"We are delighted that he has accepted the position of COO and he will provide stability to the ongoing management of the company."

Thanking Graham for his service, McGay said he had been instrumental in helping to build the firm's in-country operations team which was put together effectively from scratch.

Quick facts: Petro Matad Limited

Price: 3.3 GBX

AIM:MATD
Market: AIM
Market Cap: £21.85 m
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