Independent Oil & Gas appoints deputy CEO and CFO
AIM-listed North Sea explorer Independent Oil & Gas has made several changes to its board and management including the appointment of a new deputy chief executive and chief financial officer.
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Andrew Hockey, who has 35 years in the oil and gas industry has joined the board as deputy chief executive. He previously worked at Fairfield Energy and Sound Energy, as well as led the early development of Clipper South, a producing gas field in the southern North Sea.
Hywel John was appointed as chief financial officer. He joined the company from Bayfield Energy where he was chief executive and was previously CFO of Candax Energy and senior executive at Burren Energy.
David Peattie resigned from the board, with immediate effect, due to his appointment as chief executive of the Nuclear Decommissioning Authority.
Peter Young has left the board to take up a new role as head of business origination at IOG, while Graham Cox, who was previously project manager on the Clipper South Development, was appointed southern North Sea project manager at IOG.
Chief executive Mark Routh, who has been appointed interim chairman, said: "We are delighted to announce the new additions to our board and senior management team as the company enters its next stage of growth.
“Charles, Andrew, Hywel and Graham all have outstanding track records and deep sector knowledge and it reflects the inherent strength of our business and excellent portfolio of assets that we can attract individuals of their calibre.”
Shares in Independent Oil & Gas were down 1.49% to 16.50p at 0831 GMT.