Liberia: New Nocal head

President Ellen Johnson Sirleaf has ordered the retirement of National Oil Company of Liberia (Nocal) president and chief executive Randolph McClain and three senior managers amid a deepening financial crisis at the company. The board has named chief operating officer Althea Sherman as head of an interim transitional management team to implement a restructuring. Other members of the team are vice president of technical services Rufus Tarnue, and vice president of finance Karmo Ville.