Marenica Energy Ltd. announced that Mr. Robert Pearce advised of his retirement as Chairman and Director of Marenica. Mr. Pearce has been chairman of Marenica since 2010 and has played an importance role in developing the company and guiding the Board over this time. The company advised that Non-executive Director Mr. Doug Buerger has been appointed as the new Chairman of the Board effective immediately.

He has an extensive experience in project management, general management and executive roles. The company also announced the appointment of Hanlong nomiee Mr. Lou Guo Qing as an Non-executive Director of the company. He was formerly the president of China Construction Bank, Panzhihua Municipality branch in Sichuan province and has 26 years of experience in credit management and financial investment.