Joel ‘Monty’ Pemberton the Managing Director of DeNovo Energy is leaving the company effective November 15th according to a release from the company.
In an announcement to its staff today, the Board of DeNovo Energy announced Monty’s departure saying he is moving on to pursue new business ventures.
Founder and fellow Member of the Board, Pemberton has served as Managing Director of the company since January 2016, leading the fastest greenfield development in the local industry to date, the release noted.
“The DeNovo Board and the Proman family of companies would like to express sincere gratitude to Monty for his vision, energy and leadership over the last five years, particularly for his role in shaping DeNovo’s stranded gas field strategy and developing innovative local solutions to Trinidad and Tobago’s current and future energy needs,” said Claus Cronberger, Chair of the Board of DeNovo Energy.
In a statement to DeNovo’s Board, Monty expressed his appreciation for the experience. “We are at a good place in our operations, and I think that this is a good juncture for me to take the next step on my journey. The vision for the initial stage of DeNovo has been achieved, and I will always be grateful to Proman for taking the bold move to invest in a local start-up upstream company, and for sharing the passion for developing local content and harnessing the full potential of the local energy capability. I am ever so proud of what we have created –together, as one team,” he said.
The company also announced that Bryan Ramsumair, DeNovo’s current Chief Financial Officer, will be appointed as the new Managing Director.
It said Ramsumair brings deep expertise of Trinidad and Tobago’s upstream sector and has been closely involved in all of DeNovo’s successes to date, giving him a superb foundation to lead DeNovo and its team to their next stage of growth.
DeNovo has a number of major investments in progress, including the Zandolie field development which is at an advanced stage.
“The Board looks forward to growing DeNovo’s important role in Trinidad and Tobago’s upstream and continuing to work with the NGC and our other partners in the sector to secure a sustainable gas supply to our industry,” the release ended.