The Board of Genesis Energy (NZX: GNE) today announces that its Chief Executive Officer, Marc England, has informed them that he intends to leave Genesis towards the end of this year after six years as its Chief Executive.
The Board is informed that Marc is in advanced stages of discussion in respect of an opportunity abroad.
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The S&P/NZX 50 Index is down 1.5% since the beginning of the year.
Pacific Edge is on a trading halt until Monday.
The downgrade comes ahead of Jan 26, when Briscoe's financial year ends.
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