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New Zealand Energy Corp. Announces Management Changes

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New Zealand Energy Corp (TSXV: NZ / OTC: NZERF) announced management changes effective October 31, 2025. Barry MacNeil is appointed Chief Financial Officer and Giuseppe (Pino) Perone is appointed Corporate Secretary and General Counsel. They succeed Ketan Chhima, who voluntarily stepped down from both roles effective the same date. The company thanked Mr. Chhima for his service and wished him well.

Background: Mr. MacNeil has over 20 years of senior financial and public company experience in the natural resources sector and has served as CFO for several TSXV companies. Mr. Perone is a corporate lawyer with extensive public company experience and currently serves as an officer and director of multiple TSXV-listed companies.

New Zealand Energy Corp (TSXV: NZ / OTC: NZERF) ha annunciato cambiamenti di management efficaci il 31 ottobre 2025. Barry MacNeil viene nominato Direttore Finanziario e Giuseppe (Pino) Perone viene nominato Segretario aziendale e Avvocato Generale. Sostituiscono Ketan Chhima, che si è dimesso volontariamente da entrambi i ruoli con effetto dalla stessa data. L'azienda ringrazia il signor Chhima per il suo servizio e gli augura tutto il meglio.

Background: Il signor MacNeil ha oltre 20 anni di esperienza dirigenziale finanziaria e di aziende pubbliche nel settore delle risorse naturali e ha ricoperto ruoli di CFO in diverse società TSXV. Il signor Perone è un avvocato societario con ampia esperienza in aziende pubbliche e attualmente ricopre la carica di funzionario e direttore di molte società quotate TSXV.

New Zealand Energy Corp (TSXV: NZ / OTC: NZERF) anunció cambios en la dirección que entrarán en vigencia el 31 de octubre de 2025. Barry MacNeil es designado Director Financiero y Giuseppe (Pino) Perone es designado Secretario Corporativo y Asesor General. Sustituyen a Ketan Chhima, quien renunció voluntariamente a ambos cargos a partir de la misma fecha. La empresa agradeció al Sr. Chhima por su servicio y le deseó lo mejor.

Antecedentes: El Sr. MacNeil tiene más de 20 años de experiencia en finanzas y en empresas públicas del sector de recursos naturales y ha sido CFO de varias empresas cotizadas en TSXV. El Sr. Perone es un abogado corporativo con amplia experiencia en empresas públicas y actualmente se desempeña como funcionario y director de varias empresas listadas en TSXV.

New Zealand Energy Corp (TSXV: NZ / OTC: NZERF)2025년 10월 31일부로 효력이 발생하는 경영진 변경을 발표했다. Barry MacNeil이 최고재무책임자(CFO)로, Giuseppe (Pino) Perone이 기업비서 및 법무총장으로 임명되었다. 두 사람은 같은 날짜에 자원적으로 사임한 Ketan Chhima를 대신한다. 회사는 Chhima 씨의 봉사에 감사드리며 그에게 행운을 기원했다.

배경: MacNeil 씨는 천연자원 부문에서 20년이 넘는 고위 재무 및 공기업 경험을 보유하고 있으며 여러 TSXV 기업의 CFO로 재직해 왔다. Perone 씨는 다수의 공기업에서 폭넓은 경력을 가진 기업 변호사로 현재 다수의 TSXV 상장 기업의 임원 및 이사를 역임하고 있다.

New Zealand Energy Corp (TSXV: NZ / OTC: NZERF) a annoncé des changements de direction qui prendront effet le 31 octobre 2025. Barry MacNeil est nommé Directeur Financier et Giuseppe (Pino) Perone est nommé Secrétaire d'entreprise et Conseil juridique général. Ils succèdent à Ketan Chhima, qui a démissionné volontairement de ces deux postes à la même date. L'entreprise a remercié M. Chhima pour son service et lui a souhaité bonne continuation.

Contexte : M. MacNeil possède plus de 20 ans d'expérience dans les finances et les entreprises publiques du secteur des ressources naturelles et a été CFO de plusieurs sociétés cotées sur le TSXV. M. Perone est un avocat d'entreprise avec une vaste expérience des sociétés publiques et occupe actuellement des postes de dirigeant et de administrateur de plusieurs sociétés cotées TSXV.

New Zealand Energy Corp (TSXV: NZ / OTC: NZERF) kündigte Management-Änderungen an, die mit dem 31. Oktober 2025 wirksam werden. Barry MacNeil wird zum Chief Financial Officer ernannt und Giuseppe (Pino) Perone wird zum Corporate Secretary und General Counsel ernannt. Sie folgen auf Ketan Chhima, der am selben Datum freiwillig von beiden Positionen zurückgetreten ist. Das Unternehmen dankt Herrn Chhima für seinen Dienst und wünscht ihm alles Gute.

Hintergrund: Herr MacNeil verfügt über mehr als 20 Jahre Erfahrung im Finanz- und Public-Company-Bereich der Rohstoffbranche und hat als CFO für mehrere TSXV-Unternehmen gearbeitet. Herr Perone ist Corporate Lawyer mit umfassender Erfahrung in Public Companies und bekleidet derzeit als Offizier und Direktor mehrere an der TSXV gelistete Unternehmen.

New Zealand Energy Corp (TSXV: NZ / OTC: NZERF) أعلنت عن تغييرات إداريّة سارية اعتباراً من 31 أكتوبر 2025. تم تعيين بارّي ماكنيل مديراً مالياً ونؤيّب جوزيبي (بينو) بيروني أمين سرّ الشركة والمستشار القانوني العام. يحلان محل كيطان تشيما، الذي استقال طواعية من كلا المنصبين اعتباراً من التاريخ نفسه. شكرت الشركة السيد تشيما على خدمته وتمنّت له التوفيق.

الخلفية: لدى السيد ماكنيل أكثر من 20 عاماً من الخبرة في المالية العليا والشركات العامة في قطاع الموارد الطبيعية، وقد شغل منصب CFO لعدة شركات مدرجة في TSXV. السيد بيروني محامٍ شركات ذو خبرة واسعة في الشركات العامة ويشغل حالياً منصب موظف ومدير لدى عدة شركات مدرجة في TSXV.

Positive
  • Appointment of CFO with 20+ years senior financial experience
  • New General Counsel with extensive public company legal experience
  • Changes effective October 31, 2025 (immediate transition)
Negative
  • Outgoing CFO departure may create short-term continuity risk

New Plymouth, New Zealand--(Newsfile Corp. - October 31, 2025) - New Zealand Energy Corp. (TSXV: NZ) ("NZEC" or the "Company") is pleased to announce the appointment of Barry MacNeil as Chief Financial Officer and Giuseppe (Pino) Perone as Corporate Secretary and General Counsel of the Company, effective October 31, 2025.

Mr. MacNeil and Mr. Perone succeed Ketan Chhima, who has voluntarily stepped down from his roles as Chief Financial Officer and Corporate Secretary effective the same date. The Company extends its sincere gratitude to Mr. Chhima for his dedicated service and meaningful contributions to NZEC during his tenure and wishes him continued success in his future endeavors.

Mr. MacNeil has over 20 years of senior financial management and public company experience in the natural resources sector, having served as CFO for several TSX Venture Exchange companies. Mr. Perone is a corporate lawyer with extensive public company experience, currently serving as an officer and director of several public companies listed on the TSX Venture Exchange.

About New Zealand Energy Corp.

NZEC is a publicly listed onshore producing oil and gas company with substantial permitted acreage for new oil and gas production opportunities in New Zealand's only producing sedimentary basin, the Taranaki. With a 50% ownership stake in the Waihapa production station, the Company can quickly tie in any near-term production and sell directly to market. For more information, please visit www.newzealandenergy.com.

For further information:
Mike Adams, Chief Executive Officer
Tel: +64-6-757-4470‎
Email: info@newzealandenergy.com 
Website: www.newzealandenergy.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This release includes certain statements and information that constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this release, other than statements of historical facts are forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements that relate to the Company's management changes. NZEC provides no assurance that forward-looking statements and information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/272612

FAQ

When do the New Zealand Energy Corp (NZERF) management changes take effect?

The appointments and the CFO's departure are effective October 31, 2025.

Who is the new CFO of New Zealand Energy Corp (NZERF)?

Barry MacNeil is appointed Chief Financial Officer effective October 31, 2025.

Who is the new Corporate Secretary and General Counsel for New Zealand Energy Corp (NZERF)?

Giuseppe (Pino) Perone is appointed Corporate Secretary and General Counsel effective October 31, 2025.

Why did Ketan Chhima leave his roles at New Zealand Energy Corp (NZERF)?

Ketan Chhima voluntarily stepped down from his roles as CFO and Corporate Secretary effective October 31, 2025.

What is Barry MacNeil's experience stated by New Zealand Energy Corp (NZERF)?

Mr. MacNeil has over 20 years of senior financial management and public company experience in the natural resources sector.

Does Giuseppe (Pino) Perone have public company experience for his role at New Zealand Energy Corp (NZERF)?

Yes. Mr. Perone is a corporate lawyer with extensive public company experience and serves as an officer and director of several TSXV-listed companies.
New Zealand Energy Corp

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