Pacific Energy Limited announced that Adam Boyd will step down from his role as Managing Director and Chief Executive Officer. Mr. Boyd, who joined Pacific Energy and commenced in the role on 23 June 2006, has elected to resign in order to take a career sabbatical before considering his next corporate challenge. The Board will commence an executive search process for a new Managing Director and CEO.

Mr. Boyd will remain in his current position until 31 March 2015, allowing time for a successor to be appointed and ensuring a smooth leadership transition.