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Mr Ray Leonard has joined MOL to lead its international upstream activities
MOL Hungarian Oil and Gas Company hereby announces that from the 1st of January 2005 Mr Ray Leonard has joined MOL to lead its international upstream activities. He will serve as key player of the upstream senior management team, reporting to Mr. Zoltán Áldott, the head of MOL`s E&P Division.
Mr Leonard is a US citizen and has held a variety of senior positions in the oil industry, notably he was Vice President of Resource Acquisitions for Amoco Eurasia, he served as Vice President of Exploration in First International Oil Corporation and most recently he was a senior Yukos executive serving as Vice President of Exploration and New Ventures in Yukos E&P.
MOL introduced changes at the helm of its Upstream division in September 2004, by nominating Mr Zoltán Áldott, previous Group Chief Strategy Officer of MOL as the new leader of the division. Mr Áldott said on Ray Leonard’s joining:
"We are very glad to have Ray join us and we believe that his experience will help MOL to achieve its strategic targets in the international expansion of its upstream portfolio. We know Ray very well from our projects undertaken jointly with Yukos and welcome to see that his vast experiences, knowledge as well as connections in the CIS area other parts of the world will greatly benefit our group."
