NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES THE RETIREMENT OF THE MANAGING TRUSTEE AND THE NAMING OF HIS SUCCESSOR
North European Oil Royalty Trust (NRT) announced the retirement of Robert P. Adelman, the Managing Trustee, effective March 13, 2023. He will remain an active Trustee until April 30, 2023. The Trustees appointed Nancy J. Floyd Prue as the new Managing Trustee, effective March 14, 2023. Floyd Prue has over 40 years of investment experience, including significant roles in the oil and gas sector. She has been a Trustee since March 2018 and also serves as a director and treasurer of the Keswick Multi-Care Board. John R. Van Kirk, Managing Director, acknowledged Adelman's long-standing leadership and contributions to the Trust.
- Nancy J. Floyd Prue brings over 40 years of investment experience, potentially enhancing Trust management.
- Floyd Prue's extensive knowledge of the energy sector may lead to informed decision-making.
- Retirement of Robert P. Adelman could create uncertainty in management continuity.
- Transition in leadership might lead to short-term instability in the Trust's operations.
The remaining Trustees named Ms.
In reporting the resignation and appointment,
For further information, contact Mr.
View original content:https://www.prnewswire.com/news-releases/north-european-oil-royalty-trust-announces-the-retirement-of-the-managing-trustee-and-the-naming-of-his-successor-301771970.html
SOURCE
FAQ
Who has replaced Robert P. Adelman as the Managing Trustee of NRT?
When did Robert P. Adelman retire from his position at NRT?
What experience does Nancy J. Floyd Prue have?
How long has Nancy J. Floyd Prue been a Trustee at NRT?