Sound Oil Appoints Marco Fumagalli as Non-exec Director
Sound Oil, the Mediterranean focused upstream oil and gas company, announced the appointment with immediate effect of Marco Fumagalli as a Non Executive Director of the Company following the institutional investment announced on 25 April 2014.
Marco Fumagalli is Continental Investment Partners' Managing Partner and a well-known Italian businessman who was previously a Group Partner at 3i. Marco is a 25% shareholder in Continental Investment Partners.
Last month, Sound said that Continental Investment Partners had completed its due-diligence and the investment agreement had been signed.