Managing Director of Panax Geothermal resigns
Panax Geothermal's Salamander-1 well at Penola, Australia (source: Panax)
Alexander Richter
15 Mar 2013
The Board of Directors of Panax Geothermal announces the resignation of the company's Managing Director and CEO Kerry Parker.
Reported on Wednesday, the Managing Director and CEO of Australian developer Panax Geothermal, Kerry Parker has resigned from his posts.
The Board of the company announces that Mr Parker will leave the full time employment of Panax with effect from 30 April 2013.
To ensure a smooth transition for Panax, Mr Parker will remain on the Board of Panax as a Non-Executive Director until 30 August 2013.
Commenting today, Panax Chairman Mr Athan Lekkas sincerely thanked Kerry for his contribution to Panax and to the geothermal sector both in Australia and internationally.
The Board expresses its appreciation for Kerry’s contribution in shaping and advancing Panax’s position as an Australasian geothermal exploration and development company Mr Parker commenced with Panax in 2007, and has been instrumental in assembling and managing
Panax’s portfolio of advanced geothermal development opportunities in Indonesia.
Source: Company release via 4-Traders
