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Pin to quick picksBeacon Energy. Share News (BCE)

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EXECUTIVE CHANGES: Filtronic appoints Nathaniel Edington as CEO

Tue, 02nd Apr 2024 12:26

(Alliance News) - The following is a round-up of executive changes by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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Baron Oil PLC - London-based oil and gas exploration company - Former chief executive officer Andy Yeo has stepped down from the board on Monday after the company transitions to Andy Butler as its new CEO. Further, company notes progress in appointing a new chair.

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Beacon Energy PLC - oil and gas company - Promotes Chief Financial Officer Stewart MacDonald to chief executive officer from June 1, the day current CEO Larry Bottomley intends to retire from his role. Bottomley has been CEO since the start of 2022 and will continue to support the company as a non-executive director. The company adds that its search for a chief operating officer to support the technical and operational workstreams in the executive team will start soon. Company adds that the rig mobilisation regarding the upcoming SCHB-2 sidetrack operation is on track with the rig due to arrive in location in mid-April with the sidetrack operation set to start the following week.

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DSW Capital PLC - Warrington, England-based financial advisory that provides advisory services in areas such as corporate finance and due diligence - Promotes Business Development & Operations Director Peter Fendall to chief operating officer. He joined the company in September 2021 and helped facilitate the initial public offering. Further, DSW appoints him as interim chief financial officer from May 17, replacing Nicole Burstow, the current CFO and deputy chief executive officer who is leaving the company.

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Filtronic PLC - Sedgefield, England-based designer and manufacturer of products and sub-systems for the aerospace, defence, telecoms infrastructure, space, and critical communications markets - Appoints Nathaniel Edington as CEO from May 13, replacing outgoing CEO Richard Gibbs, who will retire from his role that day but continue to support the company until November. Incoming CEO Edington has held executive leadership positions at Austria-based semiconductor firm AMS AG and former semiconductor firm Wolfson Microelectronics PLC, which was bought by Austin, Texas-based Cirrus Logic Inc in 2014. "Nat has considerable knowledge and experience of the sector and the markets in which Filtronic operate and has demonstrated excellent leadership qualities aligned with Filtronic's people-focused culture, and drive for growth," Filtronic says.

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Genel Energy PLC - oil and gas exploration and production company, formerly focused on exports to the Kurdistan region - Deputy Chair Michael Fallon indicates intention to retire from the company's board at the annual general meeting next month.

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Naked Wines PLC - Norwich-based online wine seller - Appoints Rodrigo Maza as chief executive officer, effective Tuesday, which is also the first day of the company's financial year 2025, as Rowan Gormley returns to his previous role as non-executive chair. Further, Naked Wines appoints Paul Calandrella as general manager of Naked Wines USA from mid-April.

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Strix Group PLC - Isle of Man-based provider of kettle safety controls - Confirms that Chief Financial Officer Clare Foster has joined the board on Tuesday.

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By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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Beacon Energy discloses delay in mobilising drilling rig in Germany

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IN BRIEF: Beacon Energy shares drop on downbeat Erfelden update

Beacon Energy PLC - Isle of Man-registered oil and gas company - Says Schwarzbach-2(2.) well in the Erfelden field in Germany continues to clean-up, although production remains at a rate of approximately 40 barrels of oil per day. Says the "low" output rate indicates that the reservoir near the well bore has been invaded with drilling fluids which are restricting flow rates. Additionally, Beacon says it has now started sand jetting operations with a coiled tubing unit to stimulate the well. Sand jetting will focus on the oil-bearing reservoirs in the Pechelbronner-Schichten sandstones.

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Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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Beacon Energy shares down after Erfelden well disruptions

(Alliance News) - Beacon Energy PLC said on Thursday that drilling fluid leaks had significantly impeded oil production at one of its German assets.

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Beacon Energy raises £4.3m in share placing

(Sharecast News) - Shares in Beacon Energy dropped on Friday after the Germany-focused oil and gas group raised £4.3m in an oversubscribed fundraising to support its the development of a well in its Erfelden oilfield.

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15 Sep 2023 10:08

Beacon Energy raises GBP4.3 million in oversubscribed equity raise

(Alliance News) - Beacon Energy PLC on Friday said it completed an oversubscribed placing and PrimaryBid offer which raised an aggregate of GBP4.3 million.

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11 Sep 2023 10:20

Beacon Energy shares plummet despite "excellent" well findings

(Alliance News) - Beacon Energy PLC on Monday said it could achieve high rates of production from its Schwarzbach-2(2.) well thanks to recently-discovered oil-bearing reservoirs, despite repeated programme delays.

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