Quantrill replaces Munro as Twinza Oil board chairman

Business

STEPHEN Quantrill has been appointed chairman of the board of Twinza Oil Ltd, according to a company statement.
Quantrill replaces Ian Munro who has elected not to renew his employment contract as chief executive officer of Twinza after it expired on Sept 30, 2021.
Munro would also be stepping down as chairman of Twinza and resigning as a director of the company after 18 months in the roles.
Quantrill has been a member of the board of directors of Twinza since May 2014, representing the Clough family’s interests.
The Clough family is the founding shareholder of the company and the largest holder on the register.
“Ian has been instrumental in advancing Twinza’s Pasca A project and we thank him and wish him continued success,” he said.
“To ensure a seamless transition, I will be travelling to Port Moresby in the very near term to meet with key stakeholders, to identify a path to the signing of the Pasca A gas agreement and subsequent entry to the front-end engineering and design phase of the project.”