July 2, 2012 / 11:31 AM / 5 years ago

UPDATE 1-InterOil to separate Chairman, CEO roles

July 2 (Reuters) - LNG-focused InterOil Corp said it will separate the roles of chairman and chief executive and added a former Prime Minister of Papua New Guinea to its board.

The company said Rabbie Namaliu, a former Prime Minister of Papua New Guinea, and Samuel Delcamp, an investment adviser, joined its board.

Approval for InterOil's planned $6 billion liquefied natural gas complex in Papua New Guinea was canceled in May.

Phil Mulacek, who is currently the CEO and Chairman, will continue as the CEO. Gaylen Byker, currently a director, will take over as the chairman.

InterOil shares, which have gained 36 percent in the past three months, closed at $69.70 on Friday on the New York Stock Exchange.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below