Tethys Oil has appointed Jesper Alm as new Chief Financial Officer following the decision by Morgan Sadarangani to step down. Tethys Oil has also appointed Fredrik Robelius as Chief Technical Officer (CTO). Mr. Alm is currently EVP Corporate Development at Tethys Oil.

Mr. Sadarangani will step down as CFO on November 30, 2016, and remain available to the company until the March 1, 2017. Dr. Robelius has been with the company since 2011, first as senior petroleum engineer and currently as technical manager, and he will assume his new role as CTO with immediate effect. Jesper Alm joined Tethys Oil in 2014 from investment bank Pareto Securities, where he was a partner in the corporate finance department.

Mr. Alm holds a Master of Economics in Business Administration from the University of Lund, Sweden.