Sequa Petroleum NV announced that Benjamin Lee has concluded his contract as Interim Chief Financial Officer, and has agreed to continue as a consultant to the company advising on its ongoing investor process. Olly Horne, the company's Interim Financial Controller, will assume Benjamin Lee's financial responsibilities under the oversight of the Management Board. Effective July 1, 2016, Mr. Peter Haynes has stepped down as a director and gone on unpaid leave to focus on his continuing recovery from illness.