Camilo McAllister, chief financial officer of Frontera Energy Corporation (TSX: FEC), has tendered his resignation. He will remain in the position through March 9 then depart to “pursue other career opportunities,” said the Canadian oil company in a statement.
Alejandro Piñeros, who oversees the preparation of the company’s financial statements in his role as corporate finance director, will fulfill the CFO responsibilities until a permanent replacement is appointed. Frontera is working with an “international placement firm to assist” in filling the role, the company stated.
“On behalf of the board, I thank Camilo for his contributions and the role he played as the company exited its restructuring and began a new era,” said Gabriel de Alba, chairman of the board of directors of Frontera. “Camillo came on board to assist us with the initial transition period and his leadership has driven many successes to date, including a focus on sustainable growth. On behalf of the entire company, I wish him well in his future endeavors.”
De Alba added that the company is looking “forward to updating shareholders about our plans in the coming weeks.”