Cougar Energy has announced that its CEO, Dr Len Walker, will step down from his position, but will remain as the company’s Executive Director.


The company announced Dr Walker’s decision following a build-up of its executive base, and will now commence a recruitment process for the new CEO.


“The past few years have been extremely challenging, particularly given the political motivation evident in the shut-down of our Kingaroy plant,” Dr Walker said.


“Pressing forward from this experience has only been possible because of the dedication of all our existing staff. The appointment of a new CEO will inject new energy into the Company as it expands and develops its project options in the Asian region.”


The announcement comes as the company continues its preparations for a legal dispute in the Queensland courts after it accused the State Government of shutting down its Kingaroy plant with no evidence of any real or potential environmental risk.