Niko Resources Ltd. announced that Mr. Kevin J. Clarke has indicated that he intends to resign from his role as Chairman of the Board and interim Chief Executive Officer, effective upon the completion of the previously announced restructuring transaction. The company announced the appointment of Mr. Robert S. Ellsworth Jr. to its Board, effective immediately. Mr. Ellsworth previously served as the Global Co-Head and Chief Operating Officer of BlackRock.

The company also announced that it has accepted the resignations of Messrs. Vivek Raj and Steven K. Gendal as directors from the Board.