Canacol Energy Announces Leadership Change and Independent Director Appointment

Core Viewpoint - Canacol Energy Ltd. is undergoing a leadership change to enhance its restructuring efforts, with the appointment of interim co-CEOs and an independent director to the board, aimed at positioning the company for success during its restructuring process under the Companies' Creditors Arrangement Act (CCAA) [1][2][4]. Leadership Changes - Mr. Jason Bednar and Mr. Ravi Sharma have been appointed as Interim Co-Chief Executive Officers while retaining their roles as Chief Financial Officer and Chief Operating Officer, respectively [2]. - Dr. Charle Gamba has departed from his role as President and Chief Executive Officer, with the board expressing gratitude for his contributions [3]. Board Appointments - Mr. Peter Laurinaitis has been appointed as an independent director, bringing extensive experience in financial restructuring and corporate turnarounds [4][5]. - Laurinaitis has 30 years of transactional experience and has held significant roles in restructuring at firms like PJT Partners and Blackstone [6]. Company Background - Canacol Energy Ltd. is focused on natural gas exploration and production, primarily operating in Colombia [9].