PMPA has confirmed that recently appointed managing director Eddie Smith is to leave this role due to the impact of the liquidity crunch.
Smith’s main role within PMPA was to look at strategic developments within the market moving forward.
PMPA says that those opportunities and challenges have clearly changed in recent times. It says that its directors and members will now evaluate and manage ongoing strategy in the light of current market movements.
PMPA chairman Vic Jannels says: “The industry is currently experiencing fundamental change and facing up to some significant challenges. Against this backdrop, the PMPA directors and Eddie have mutually agreed to part. We remain on good terms and wish Eddie every success in the future, and are grateful to him for the contribution he has made to PMPA.”