New CEO, chairman for Linc Energy

LINC Energy announced a slew of changes to its management and board on Wednesday, including a new role for its long-standing CEO.

The company has appointed 44-year old Craig Ricato as its new managing director and CEO to replace Peter Bond, who has taken up the position of executive chairman.

Mr Ricato is not new to Linc, having been a director of the company since Oct 2010. He has been company secretary and general counsel from 2008. His predecessor, Mr Bond, explained that Mr Ricato's familiarity with the company made him the best choice to succeed him.