Tlou Energy Limited, the AIM and ASX listed company focused on delivering power in Botswana and southern Africa through the development of coal bed methane (CBM), said Anthony Gilby, who has been on extended leave due to illness, is returning to the Board in a full-time capacity effective 1 January 2017.
According to the company, Gilby will return to his original position of Managing Director. During his leave, Gabaake Gabaake held the role of Acting Managing Director. Gabaake will continue in the position of Executive Director which he held prior to taking on the role of Acting Managing Director.
“… Gabaake will govern local stakeholder relations and contracts in Botswana as the Company progresses its planned CBM-to-power project in 2017, which is the most advanced CBM project in the country,” said Tlou Energy.
The company added that there have been no material changes to the contracts held by any of the other Board Directors.
“All the duties and responsibilities of Mr. Gilby’s previous Managing Director role will remain the same. He will receive an annual salary of A$260,837 along with Superannuation of A$11,289. This is 50% of Mr. Gilby’s contracted remuneration”.