Commercial Director Eytan Uliel to replace Potter as CEO
Company still seeking to drill another exploratory well after initial failure
NASSAU, BAHAMAS The Bahamas Petroleum Company (BPC) has undertaken a “reset” inclusive of a name change as well as changes to its board of directors and upper management, some two months after its exploratory well in Bahamian waters failed to produce oil in any commercial quantity.
The company recently revealed to investors that it will convene an extraordinary general meeting and reveal a number of material changes to its business.
Bahamas Petroleum Company CEO Simon Potter. (PHOTO: BPC)
Notably, Simon Potter, the company’s CEO since 2011, will step down effective May 20, but will remain on the board of the company in the capacity of non-executive director and provide ongoing support to BPC’s executive team.
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