Petroceltic activist Worldview Capital calls for EGM to remove CEO Brian O’Cathain, make additions to board
Petroceltic International [LON:PCI] activist shareholder Worldview Capital Management is calling for an extraordinary general meeting to remove CEO Brian O’Cathain, according to multiple reports.
Several news outlets cited a statement from Worldview Capital, which controls 28% of Petroceltic, which indicated that the investment fund is also seeking a board shakeup - including its own seat and the addition of Maurice Dijols as an independent director with industry experience.
As reported, Worldview initiated legal proceedings against Petroceltic in which it alleges that the company has failed to undertake a review of its business.