GP Petroleums Limited has announced the resignation of Ms. Sandra Martyres, serving as a Non-Executive Independent Director, effective September 21, 2026. The company confirmed that Ms. Martyres tendered her resignation with an email and a resignation letter outlining the reasons for stepping down. The move underscores the ongoing governance dynamics at a company navigating the demands placed on independent directors amid a busy board schedule.
With her departure, Ms. Martyres also ceases to be a member of the Audit Committee and the Corporate Social Responsibility Committee of the company, reflecting the immediate impact on board oversight and committee composition. The company notes that the resignation details have been prepared in line with applicable regulatory requirements and will be available on its website along with any annexures for disclosure purposes.
In her resignation letter, Ms. Martyres cited bandwidth constraints and time commitments as the primary reasons for stepping back from board duties. She expressed appreciation for the collaboration and support she received during her tenure and conveyed best wishes for the company’s future.
Annexures accompanying the disclosure indicate that Ms. Martyres is not a director in any listed entity, and the company did not identify any other material reasons beyond those provided. The board and management will now reassess the composition of the governance framework to ensure continued effective oversight and leadership as GP Petroleums moves forward.