Caspian Energy has appointed Wei Zhao as its new chief executive.
His appointment follows the resignation of Chunming Ma as the interim chief executive and as a director of Caspian.
Zhao is currently a director of Caspian and has been the chairman of The Sixth Energy, the largest shareholder of Caspian, since 2010.
“We are delighted that Mr. Zhao has agreed to accept the position of Chief Executive Officer for Caspian,” said Michael Nobbs, said Caspian chairman.
“He is a very senior executive with our largest shareholder, and brings with him considerable experience dealing with our existing stakeholders at a high level in both Kazakhstan and in China.
“He knows the oil business well, specifically in Kazakhstan. His experience and skills will be of considerable help as we take on the previously disclosed challenges facing Caspia,” said Nobbs.
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