As of June 4, 2015, Remi Grosjean resigned as a director of the Supervisory Board of Sequa Petroleum N.V. effective the same date. As of June 15, 2015, Alistair Williams stepped down as Director and Member of the Management Board of Sequa Petroleum N.V. with the plan to assume a broader range of activity within the company as it continues to grow to a new level. He will continue in his role of Chief Financial Officer until a replacement has been identified.