Tamar rig (photo by Noble Energy)
Last week, Yami Weissman announced the end of his tenure as chairman of Tamar Petroleum. In the background and what fueled the rumors was that Motti Ben Moshe became a stakeholder in the company after purchasing a number of shares for a negligible amount and crossing the 5% holding threshold in the company.
Between rumors, Tamar Petroleum’s board of directors decided to appoint Tamir Abodi as interim CEO. Abodi has financial expertise and rich managerial and business experience in the energy market, having previously served in the US as president of an oil and gas company. Over the past two decades, Tamir has managed and supervised projects, acquisitions and mergers, capital raising and financing of hundreds of millions of dollars in the oil and gas market in Israel and abroad.
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Prior to his involvement in the oil and gas fields, Tamir served as CEO and Chief Financial Officer of a group of companies, one of which was traded on the Nasdaq and as a partner in the accounting firm Fahan Kana Grant Thornton.
Tamir Abodi, CEO of Tamar Petroleum: “Tamar Petroleum enjoys a stable revenue stream resulting from the long-term agreements signed with Anchor customers in the Israeli energy economy. The Tamar reservoir has proven to be a stable, reliable and competitive reservoir and has the potential for further expansion. I intend to work together with the company’s management and the board of directors to bring about the realization of the company’s potential as a major natural gas supplier to the Israeli economy, and to flood its value for the benefit of all shareholders. “
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