Oracle Coalfields Plc announced that Mr. Roderick Stead has stepped down as a Director of the Company and its Pakistani subsidiary, Sindh Carbon Energy Limited, with immediate effect. Mr. Yves Mordacq joins the Board of the company and Sindh Carbon Energy Limited as a Director, also with immediate effect. Mr. Yves Mordacq brings extensive experience in international capital markets and asset management, with a particular emphasis on the natural resources sector. Mr. Mordacq shall be appointed as Chairman of the audit committee and a member of the remuneration committee of the company.