InterOil CEO to Leave Post, Search for Replacement Underway


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InterOil Corporation ( IOC ) announced the retirement of its founder and Chief Executive Officer, Phil Mulacek, effective April 30, 2013. Mulacek will continue as an InterOil director and will provide advisory services to the company.

A global search is now underway for a new CEO to lead the company through its next stage of development. InterOil Chairman, Gaylen Byker, will assume Mulacek's duties on an interim basis from May 1, 2013 until the search process is complete.

IOC edged off by 11 cents to $76.88 in the after-hours market.

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This article appears in: Investing Commodities
Referenced Stocks: IOC

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