Hmmm let the first trades complete and then straight into...

Hmmm let the first trades complete and then straight into preopen.
Old asx should have done better than that!!
Not a run of the mill announcement it seems as taking a while to come thru and there are not too many to process this morning!!
Interesting......

Molopo Energy Limited (“Molopo” ASX:MPO) today announces the appointment of Mr Tim Granger as Molopo’s Chief Executive Officer and Managing Director, effective 3 January 2012.
Mr Granger will succeed Mr Ian Gorman, who will continue in the CEO role until 2 January 2012 and will assist with an orderly transition of the role. At that time, Mr Gorman will step down as a Director of Molopo and its subsidiaries but will continue to support the Company in a technical consultancy role on commercial terms.
Commenting on the succession, Molopo’s Chairman, Mr Greg Lewin, said, “Tim Granger’s appointment is a critical step forward in the implementation of Molopo’s focused growth strategy. The Board determined, in consultation and agreement with Molopo’s current CEO, Ian Gorman, that the CEO role should be North American focussed, to align with the location of the company’s major assets and business strategy. Given Ian’s commitments in Australia which made such an arrangement impractical, we are delighted to have been able to secure such a strong candidate.”
Mr Granger brings to Molopo over 30 years of experience in North American oil and gas exploration and production operations and asset management. Most recently, he held the position of President and Chief Executive Officer of Toronto Stock Exchange listed Compton Petroleum Corporation. Mr Granger graduated from Carleton University (Ottawa) with a B.Sc. in Mechanical Engineering.
Mr Lewin commented “Tim has extensive knowledge of the global oil and gas industry, strong financial acumen, and proven capabilities of portfolio management and M&A strategy and implementation. His expertise is particularly evident in his previous roles, as CEO of Calgary-based Compton Petroleum, where he led the successful strategic repositioning and recapitalisation of that company, and as Chief Operating Officer of PrimeWest Energy for nine years, which was ultimately sold to TAQA North, where he became Managing Director. His deep knowledge of the North American oil and gas industry will be a great asset in leveraging the prospects of Molopo’s outstanding USA and Canadian assets and delivering our strategy.”
Details regarding Mr Granger’s terms of employment are summarised as an appendix to this announcement.