The Singapore-listed company on Wednesdayannounced the appointment of Frederick Ivor Bendle, who is also employed by commoditiesgiant Glencore.
At last check the group controlled an89% stake and three seats on Chemoil’s board of directors, according tosecurities filings.
The development came as Chemoil reporteda second-quarter profit of $2.9m, a modest improvement from the $1m gain recordeda year ago, as revenues climbed 34% year-on-year to $3.5bn.
