C.A.T. oil Supervisory Board Extends Contracts of Entire Management Board
*Manfred Kastner, Ronald Harder, Anna Brinkmann and Leonid Mirzoyan re-confirmed as Members of the Management Board of C.A.T. oil AG
*Appointments extended until end of fiscal year 2018
*Supervisory Board acknowledges the board’s commitment to the Company’s strategy aiming at sustainable and profitable business growth
The Supervisory Board of C.A.T. oil AG (O2C, ISIN: AT0000A00Y78), one of the leading providers of oil and gas field ser-vices in Russia and Kazakhstan, has extended the contracts of the entire Management Board of the Company until the end of fiscal year 2018. Manfred Kastner will continue to act as Chairman of the Board and Chief Executive Of-ficer, Ronald Harder as Vice Chairman of the Board and Chief Financial Officer. Anna Brinkmann will act as Chief Operating Officer in the future and Leonid Mirzoyan will continue as Chief Corporate Finance Officer. The Supervisory Board thereby confirms the dedicated and successful work of all four in-dividuals over the past years. With the latest appointment the Supervisory Board ensures continuity in the senior management team and the Company’s successful implementation of its strategy which is aimed at profitable growth.
Dr. Gerhard Strate, Chairman of the Supervisory Board, commented: “We are delighted about the extension of the contracts with the Management Board of C.A.T. oil. With this step the Supervisory Board secures the managerial exper-tise and in-depth industry know-how of Manfred Kastner, Ronald Harder, Anna Brinkmann and Leonid Mirzoyan in order to continue C.A.T. oil’s success sto-ry. We are looking forward to continue working together with the entire Man-agement Board, especially as it begins another major investment cycle and opens another chapter of C.A.T. oil’s development with the roll-out of the 2014-16 investment program of EUR 390 million.”
