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SDX Energy said chief executive Michael Raynes had resigned, as envisaged by substantial shareholder Waha Capital.
SDX said that Waha intended to appoint a new nominee to SDX's board upon the finalisation of the appointment of a new CEO in the near future.
'The board would like to thank Michael Raynes for his support and guidance over the past three years and we wish him well in his future endeavours,' chairman Michael Doyle said.
'We are pleased to have Waha's continued support in growing our business, and look forward to working with their new nominee when appointed in the near future.'