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CFO Resigns

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Shoal Point Energy (CSE: SHP) announced a significant leadership change as Natasha Tsai steps down from her position as Chief Financial Officer, effective April 30, 2025. CEO Mark Jarvis will take on the additional role of Interim CFO.

The Board has accepted Tsai's resignation after her six-year tenure with the company. This Vancouver-based organization's leadership transition takes effect immediately, with Jarvis assuming the interim financial leadership responsibilities alongside his current CEO duties.

Shoal Point Energy (CSE: SHP) ha annunciato un importante cambiamento nella leadership: Natasha Tsai si dimette dalla carica di Chief Financial Officer, con effetto dal 30 aprile 2025. Il CEO Mark Jarvis assumerà anche il ruolo di CFO ad interim.

Il Consiglio ha accettato le dimissioni di Tsai dopo sei anni di servizio nell'azienda. Questa transizione nella leadership dell'organizzazione con sede a Vancouver entra in vigore immediatamente, con Jarvis che assume le responsabilità finanziarie ad interim oltre ai suoi attuali compiti di CEO.

Shoal Point Energy (CSE: SHP) anunció un cambio significativo en su liderazgo: Natasha Tsai renuncia a su puesto como Directora Financiera, efectivo a partir del 30 de abril de 2025. El CEO Mark Jarvis asumirá además el cargo de CFO interino.

La Junta aceptó la renuncia de Tsai tras seis años en la compañía. Esta transición en el liderazgo de la organización con sede en Vancouver entra en vigor de inmediato, con Jarvis asumiendo las responsabilidades financieras interinas junto con sus funciones actuales como CEO.

Shoal Point Energy (CSE: SHP)는 중대한 리더십 변화를 발표했습니다. Natasha Tsai가 2025년 4월 30일부로 재무 책임자(CFO) 자리에서 물러납니다. CEO Mark Jarvis가 임시 CFO 역할도 맡게 됩니다.

이 밴쿠버 기반 회사의 이사회는 Tsai의 6년간 재임 후 사임을 수락했습니다. 이 리더십 전환은 즉시 발효되며, Jarvis는 현재 CEO 업무와 함께 임시 재무 책임을 수행합니다.

Shoal Point Energy (CSE : SHP) a annoncé un changement important dans sa direction : Natasha Tsai démissionne de son poste de directrice financière, à compter du 30 avril 2025. Le PDG Mark Jarvis assumera également le rôle de directeur financier par intérim.

Le conseil d'administration a accepté la démission de Tsai après six années au sein de l'entreprise. Cette transition de leadership au sein de l'organisation basée à Vancouver prend effet immédiatement, Jarvis assumant les responsabilités financières intérimaires en plus de ses fonctions actuelles de PDG.

Shoal Point Energy (CSE: SHP) gab eine bedeutende Führungsänderung bekannt: Natasha Tsai tritt zum 30. April 2025 von ihrer Position als Chief Financial Officer zurück. CEO Mark Jarvis übernimmt zusätzlich die Rolle des Interim CFO.

Der Vorstand hat Tsais Rücktritt nach ihrer sechsjährigen Amtszeit im Unternehmen akzeptiert. Der Führungswechsel bei der in Vancouver ansässigen Organisation tritt sofort in Kraft, wobei Jarvis die interimistische Finanzleitung neben seinen derzeitigen CEO-Aufgaben übernimmt.

Positive
  • None.
Negative
  • Sudden CFO resignation indicates potential leadership instability
  • CEO taking on interim CFO role suggests lack of immediate succession planning

Interim CFO Appointed

Vancouver, British Columbia--(Newsfile Corp. - April 30, 2025) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP) ("The Company"), announced today that the Board of the Company has accepted the resignation of Natasha Tsai as Chief Financial Officer of the Company, effective at today's date. Mark Jarvis has accepted the position of Interim Chief Financial Officer, also effective today.

The Board wishes to thank Ms. Tsai for her service over the last six years.

About Shoal Point Energy Ltd.

Shoal Point Energy Ltd. is a public company listed on the CSE exchange under the symbol "SHP". The company is suing the government of Newfoundland and Labrador for at least $483,000,000 for "de facto expropriation" or "constructive taking" of its rights to develop its oil and gas interests in western Newfoundland.

For further information, please contact:
Mr. Mark Jarvis,
Chief Executive Officer
Tel – 604 681 2300

The Canadian Securities Exchange (CSE) has neither approved nor disapproved the contents of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250359

FAQ

Why did Natasha Tsai resign as CFO of Shoal Point Energy (SHPNF) in April 2025?

The press release does not specify the reason for Natasha Tsai's resignation as CFO of Shoal Point Energy. The company only announced that the Board accepted her resignation effective April 30, 2025.

Who is the new CFO of Shoal Point Energy (SHPNF) after Natasha Tsai's departure?

Mark Jarvis, the current CEO of Shoal Point Energy, has been appointed as Interim Chief Financial Officer effective April 30, 2025.

How long did Natasha Tsai serve as CFO at Shoal Point Energy (SHPNF)?

According to the press release, Natasha Tsai served as CFO at Shoal Point Energy for six years before her resignation on April 30, 2025.

Will Mark Jarvis continue as both CEO and CFO of Shoal Point Energy (SHPNF)?

The press release indicates that Mark Jarvis will serve as Interim CFO while maintaining his CEO position, but does not specify how long this dual role will last.

What impact does the CFO resignation have on Shoal Point Energy (SHPNF) operations?

The press release does not provide information about any operational impacts. The company has ensured continuity by immediately appointing CEO Mark Jarvis as Interim CFO effective April 30, 2025.
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