Primeline Energy Holdings Inc. said April 24 that CFO Stuart Joyner informed the board he will step down, leaving the company for another opportunity. Primeline is a China-focused E&P.
The company also said Joyner will serve his three-month notice period to assist in finalizing audited accounts. After July 24, Joyner will be replaced by John Li as interim CFO until a replacement is appointed, the company also said.
Li is the CFO (China) of Beijing Chyau Fwu Properties Co. Ltd, which is owned by the family of Victor Hwang, Primeline's chairman, president, and largest shareholder, the company said. He has more than 30 years' experience working in various financial capacities for public and private companies, Primeline said. Li is a certified public accountant qualified in Hong Kong and Australia, and he earned a master's degree from Monash University in Australia, the company said.
Primeline said that previously, Li was the interim CFO of the company from May 2013 until the appointment of Joyner as CFO in November 2014. He will serve on a part-time basis on secondment from Parkview Group, the company said.
Recommended Reading
The OGInterview: TG Natural Resources Rides LNG Wave
2024-03-01 - TG Natural Resources rides the LNG wave with its Rockcliff deal amid a shale consolidation boom.
Exclusive: Chevron Balancing Low Carbon Intensity, Global Oil, Gas Needs
2024-03-28 - Colin Parfitt, president of midstream at Chevron, discusses how the company continues to grow its traditional oil and gas business while focusing on growing its new energies production, in this Hart Energy Exclusive interview.
Exclusive: Can NatGas Save the 'Fragile' Electric Grid?
2024-02-28 - John Harpole, the founder and president of Mercator Energy, says he is concerned about meeting peak electric demand and if investors will hesitate on making LNG export facilities investment decisions after the Biden administration's recent LNG pause, in this Hart Energy LIVE Exclusive interview.
Carlson: $17B Chesapeake, Southwestern Merger Leaves Midstream Hanging
2024-02-09 - East Daley Analytics expects the $17 billion Chesapeake and Southwestern merger to shift the risk and reward outlook for several midstream services providers.
Green Light: NatGas Industry Just Fine, TG Natural Resources CEO Says
2024-03-27 - Craig Jarchow, president and CEO of TG Natural Resources, updated the integration status of its $2.7 billion acquisition of Rockcliff Energy and addressed macro concerns about the natural gas business at Hart Energy’s DUG GAS+ Conference and Expo in Louisiana.