| ||June 19, 2012|
Po Valley Appoints Two New Directors
| ||The directors of Po Valley Energy Limited (ASX: PVE) are pleased to announce the appointment of Kevin Eley as a non-executive director and the Company's CEO, Giovanni Catalano as managing director with effect from today.|
The appointment of Kevin Eley is in line with the board's succession planning, following the recent retirement of David McEvoy after the company's AGM in May.
Kevin is based in Sydney and was the Chief Executive of HGL Limited for 25 years until his retirement in 2011. He brings management and investment experience in a broad range of industries including, manufacturing, mining, retail and financial services. In particular, Kevin has extensive experience in the direction of early stage companies and public company governance.
Kevin will also join the Audit & Risk Committee and, being a Chartered Accountant and a Fellow of the Financial Services Institute of Australasia, will be
a valuable addition to that committee.
Kevin is currently a non executive director of HGL Ltd (ASX:HNG), Kresta Holdings Limited (ASX:KRS), Milton Corporation Limited (ASX:MLT) and Equity Trustees Limited (ASX:EQT).
Giovanni Catalano has been the company's CEO since late 2010 and has been a director of the wholly owned Italian subsidiary NorthSun Italia since that time. He has over 30 years experience in Exploration and Development in the Oil and Gas Industry. He is a member of SEAPEX and AAPG and holds a masters Degree in Geology from the University of Ferrara, Italy.
Graham Bradley, Chairman
+61 2 9006 5822
About Po Valley Energy
Po Valley Energy (ASX: PVE) is an oil and gas producer and exploration company listed on the Australian Stock Exchange. It has an expanding portfolio of hydrocarbon assets in northern Italy. Po Valley holds 11 license areas, encompassing 2,000 square kilometres and owns and operates two gas treatment plants. The Po Valley region is the main gas production zone in Italy. The Company's web site is www.povalley.com
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