BRISBANE, AUSTRALIA: State Gas Limited (ASX: GAS) has appointed Mr Doug McAlpine to the place of Chief Executive Officer. Mr McAlpine has over twenty years expertise in public firm administration throughout the finance, mineral exploration and construction sectors.
He has significant expertise in main companies through periods of considerable organisational change and growth. Mr Doug McAlpine has a strong commercial and monetary background, with strong expertise in prudent sourcing and allocation of capital and within the negotiation and administration of complex commercial arrangements.
State Gas Limited Executive Chairman, Mr Richard Cottee, said, “The appointment of Mr Dough McAlpine comes at a critical level in State Gas’ evolution as a Company, particular because it focuses on demonstrating manufacturing functionality from its existing asset base within the close to term.”
The Board of State Gas Limited believes that Mr McAlpine’s expertise and confirmed problem-solving capabilities will allow the corporate to quickly speed up a vary of important strategic initiatives and permit it to play an enhanced role in supporting Queensland’s ongoing energy needs.
Mr Doug McAlpine’s compensation package is structured to align his total reward with share price growth and the supply of key operational and commercial milestones which will create lengthy run worth for the Company and its stakeholders.
State Gas Limited (ASX: GAS) is a Queensland-based gas exploration and development firm focussing on the Bowen Basin in Central Queensland.