sustainable petroleum group inc. (OTCMKTS:SPGX) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

sustainable petroleum group inc. (OTCMKTS:SPGX) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Story continues below

Item 5.02.

Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory
Arrangement of Certain Officers.

On February 13, 2017 Christian Winzenried consented to and was
appointed the President and the Chief Executive Officer of
Sustainable Petroleum Group Inc. (SPGX) by the
board of directors.

Also, on February 13, 2017 Stefan Mhlbauer consented to and was
appointed the Chief Communications Officer of SPGX by the board
of directors.

Also, on February 13, 2017 both Christian Winzenried and Stefan
Mhlbauer consented to and were appointed as additional directors
of SPGX, by consent resolutions of the board of directors.

The board of directors and management of SPGX currently consists
of Christian Winzenried as a director and as the President and
Chief Executive Officer of SPGX, Suha Hchler as a director and as
the Chief Financial Officer, the Treasurer, and the Corporate
Secretary of SPGX, Stefan Mhlbauer as a director and as the Chief
Communications Officer of SPGX, and Dr. Philip Grothe as a
director of SPGX.

Christian Winzenried (55 years old) has been the President and
Chief Executive Officer of SPGX and a director of SPGX since
February 2017. During the past five years, Mr. Winzenried has
been an entrepreneur and executive officer in several companies,
including zeb/, a European management consultancy company in the
finance sector where he was responsible for the development of
business projects in the regional markets of Germany, Switzerland
and Austria. As well, for more than 20 years, Mr. Winzenried has
taught IT Management, Quality Management Systems, Business
Development, Marketing, Leadership, HRM, and SME Startup Founding
processes at several Business Management Schools. Mr. Winzenried
holds a CAS in Enterpreneural Leadership SMEs from the University
of Applied Sciences and Arts North-western Switzerland FHNW, a
Master in Science – B.A. in MIS/IT of the University of Wales and
GSBA/CEIBS, a Diploma in economics computer science, and is also
internationally certified in ITIL (IT Service Management) and
IPMA (Project- and Process Management) and certified for service
marketing and international marketing at the Law and Economics
Faculty of the University of Berne.

Suha Hchler (68 years old) has been the Chief Financial Officer,
the Treasurer, and the Corporate Secretary of SPGX since July
2016 and a director of SPGX since August 2016. During the past
five years, Mr. Hchler has been an entrepreneur and executive
officer in several companies, including Xerox AG, where he was
involved with the development and implementation of the printing
systems. Mr. Hchler is currently teaching business management
consultancy at the international school Gustav Kser in
Switzerland and also studied economics at the international
school HSG St. Gallen in Switzerland.

Dr. Philip Grothe (42 years old) has been a director of SPGX
since January 2017 and was the President and Chief Executive
Officer of SPGX and from January 2017 to February 2017. During
the past five years, Dr. Grothe has been the CEO of alimex Group
since 2014. Prior to joining alimex he was partner and
shareholder of Simon, Kucher Partners, a top management
consultancy focusing on strategy, marketing, pricing and sales.
Dr. Grothe started his career at Deloitte Consulting where he
worked as a manager and project leader in numerous marketing and
sales projects. He graduated in Economics and obtained his PhD in
Strategic Management.

Stefan Mhlbauer (38 years old) has been the Chief Communications
Officer of SPGX and a director of SPGX since February 2017.
During the past five years, Mr. Mhlbauer has served as CEO of
Arma Communications Inc, a business development and marketing
Agency in Naples, Florida since 2013. Additionally Mr. Mhlbauer
serves as managing partner for Eagle Run Capital Inc. Previously,
Mr. Mhlbauer held positions with some investment banks in Europe.
Mr. Mhlbauer was the Chief Operating Officer at Silvia Quandt Cie
AG where he was responsible for building up the institutions
research and corporate finance activities. Mr. Mhlbauer received
his degree in Finance from the University of Miami.

SPGX does not have any committees, and therefore no directors or
officers have served or do serve on any committees, other than
the audit committee, which the four directors currently are
members. Dr. Grothe did not resign as the President or Chief
Executive Officer as a result of any disagreement with SPGX.

During the past three years, none of the current directors or
officers have served as a director of any listed companies.

There is no family relationship among the directors or officers
of SPGX.

During the last two years, there has been no transaction or
proposed transaction that SPGX was or is a party to in which any
of the current directors or officers had or is to have a direct
or indirect material interest.

SPGX has not entered into any material plan, contract, or
arrangement (whether or not written) with any of any of current
directors or officers.

Form 8-K Sustainable Petroleum Group Inc. Page


About sustainable petroleum group inc. (OTCMKTS:SPGX)

Sustainable Petroleum Group Inc., formerly Blue Spa Incorporated, is a shell company. The Company focuses on undertaking the oil and gas business. The Company focuses on oil and gas projects for acquisition, which are global in nature. The Company was engaged in the development of an Internet-based retailer of a multi-channel concept combining a wholesale distribution with a retail strategy relating to the personal care products, fitness apparel and related accessories. As of August 31, 2016, the Company had not conducted any business operations. As of August 31, 2016, the Company had not generated any revenues.

sustainable petroleum group inc. (OTCMKTS:SPGX) Recent Trading Information

sustainable petroleum group inc. (OTCMKTS:SPGX) closed its last trading session 00.00 at 2.65 with 100 shares trading hands.

An ad to help with our costs