Horizon Petroleum Ltd. announced appointment of Mr. Riccardo M. Monti to the Board of Directors of the Company, Mr. Monti brings wide ranging international business and government relations experience and expertise to Horizon. Mr. Monti is Executive Chairman of Triboo S.p.A, a leading Italian digital services and e-commerce company, listed on the Milan Stock Exchange. Previously he was Chief Executive Officer in the same company.

He is also currently the Executive Vice President of the Italy-China Foundation, established in 2003 to foster economic, political and cultural exchanges between the two countries. Previously, Mr. Monti was the President of Interporto Sud Europa S.p. A (Marcianise), a leader in Italian infrastructure logistics, Chairman of Italferr S.p.A., Italy Largest Engineering firm, active in 30 countries in infrastructure projects and President of Grandi Stazioni, a large retailer. From 2012 to 2016 Mr. Monti has worked for the Italian Government as President of Italian Trade and Investment Agency (ICE) and Deputy chairman of Simest (state owned Equity investor who supports Italian companies internationalization process).

From 1997 to 2011 he was a Top Management Consultant, with Booz Allen and Hamilton and with Value Partners, working for corporations and governments in over 50 countries, in USA, Europe and in key emerging markets in Latin America, Asia and the Middle East. Mr. Monti has a degree in Economics from Naples University and an MSc in Business Technology from Brooklynn Polytechnic and is based in Milan, Italy.