Petro Matad Ltd. announced the appointment of Dr. George Watkins CBE as Non-Executive Chairman of the Board. The previous Chair, Dr. Oyungerel remains on the board and will assume the role of Deputy Chair. Dr. Oyungerel has moved to Deputy Chair to allow more time for her other interests.

Dr. Watkins was appointed to the Petro Matad board in March 2012 and is an experienced industry professional, having spent 29 years with Conoco Group. Dr. Oyungerel is the Chair of Petrovis LLC.