Trio Petroleum Corp. announced that Michael L. Peterson has been appointed as the new CEO of the company, effective October 23, 2023, replacing Frank C. Ingriselli who will be resigning, effective as of the same date. Mr. Peterson is currently a member of the company?s board of directors, serving as the chairman of the audit committee and the compensation committee, and the company?s special acquisitions committee.

Mr. Ingriselli will assume the role of Vice Chairman of Trio, and enter into a consulting engagement to support the CEO transition to Mr. Peterson through December 2023. Mr. Ingriselli plans to focus a good part of his future on growing Brightening Lives Foundation, the public foundation he founded in 2006.