Golar LNG Limited update (CORRECTION)
Golar LNG has announced that the board of Hygo Energy Transition has approved Mr. Eduardo Antonello's immediate Leave of Absence as he addresses allegations from prior to the company’s formation. The board emphasizes this leave is unrelated to any conduct during Mr. Antonello's time at Hygo, where he played a key role in establishing a strong LNG business in Brazil. His responsibilities will be temporarily managed by the Hygo Board, which remains committed to expanding the use of LNG as a cleaner alternative to diesel, oil, and coal.
- Hygo's commitment to democratizing LNG usage remains strong.
- No misconduct linked to Mr. Antonello's tenure at Hygo.
- Mr. Antonello's leave of absence may cause short-term leadership uncertainty.
Golar LNG has today been informed that the board of directors of Hygo Energy Transition Ltd. (“Hygo”, the Company) has accepted Mr. Eduardo Antonello’s request for Leave of Absence with immediate effect. Mr. Antonello has informed the company that in the coming period he’ll concentrate his efforts to address recent allegations that have been made against him dating to a period before the formation of the Company.
The Hygo board wants to emphasize that the Mr. Antonello’s leave is not in any way linked to any action or misconduct during his tenure at Hygo where he has been instrumental in building a very robust integrated LNG business, delivering cheaper and cleaner energy to the Brazilian market.
His functions in the Company will temporarily be taken over by the Hygo Board which reiterates to its shareholders and customers its total commitment to continue to build a global company able to democratize the use of LNG by replacing more expensive and polluting fuel sources like diesel, oil and coal.
FORWARD LOOKING STATEMENTS
This press release contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended) which reflects management’s current expectations, estimates and projections about its operations. All statements, other than statements of historical facts, that address activities and events that will, should, could or may occur in the future are forward-looking statements. Words such as “may,” “could,” “should,” “would,” “expect,” “plan,” “anticipate,” “intend,” “forecast,” “believe,” “estimate,” “predict,” “propose,” “potential,” “continue,” or the negative of these terms and similar expressions are intended to identify such forward-looking statements.
These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Unless legally required, Golar LNG Limited and Hygo Transition Services Ltd. undertake no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise.
As a result, you are cautioned not to rely on any forward-looking statements. Actual results may differ materially from those expressed or implied by such forward-looking statements. Golar LNG Limited and Hygo Transition Services Ltd. undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise unless required by law
Hamilton, Bermuda
September 29, 2020
Enquiries:
Golar Management Limited: + 44 207 063 7900
Eduardo Maranhão
Stuart Buchanan
FAQ
What is the reason for Eduardo Antonello's Leave of Absence from Hygo?
Is Mr. Antonello's Leave of Absence related to misconduct at Hygo?
Who will manage Hygo Energy Transition in Mr. Antonello's absence?
How does Hygo Energy Transition plan to continue its operations after this announcement?
What is the stock symbol for Golar LNG?
