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Pin to quick picksBaron Oil Share News (BOIL)

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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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28 Jun 2022 22:02

CORRECT: Baron Oil notes progress at Chuditch and offshore license

(Correcting the description of Baron to reflect the relinquishment of its legacy licence block XXI in Peru earlier this month.)

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IN BRIEF: Baron Oil notes progress at Chuditch and offshore license

Baron Oil PLC - oil and gas exploration company with assets in the UK, Peru and Timor-Leste - Ahead of Tuesday's annual general meeting, Baron reports "significant" progress at 75% owned Chuditch asset in Timor-Leste, with reprocessing of the 3D seismic data now complete. Continues to engage with "multiple" potential farm-in partners for the asset.

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9 Jun 2022 17:57

IN BRIEF: Baron Oil gives up legacy licence on block XXI in Peru

Baron Oil PLC - oil and gas exploration company with assets in the UK, Peru and Timor-Leste - Relinquishes its legacy licence block XXI in Peru. Company also releases and returns its USD160,000 bank guarantee. Through its wholly-owned subsidiary, Gold Oil Peru SAC, the company will continue to work with Perupetro SA to file an abandonment plan.

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19 Apr 2022 12:21

IN BRIEF: Baron Oil relinquishes license and withdraws from Peru

Baron Oil PLC - oil and gas exploration company with assets in the UK, Peru and Timor-Leste - Says it has requested the relinquishment of its legacy Block XXI license in Peru through its subsidiary Gold Oil Peru SAC. Explains that it has become "frustrated" in its attempts to access the area to carry out operations. To ask Perupetro SA, the Peruvian national oil & gas agency and licensing authority, to release the licensee's bank guarantee, which stands at USD160,000. Plans to establish and file an abandonment plan for approval by the relevant authorities thereafter.

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Baron Oil reports 'encouraging indications' from 3D reprocessing

(Sharecast News) - Baron Oil updated the market on its offshore Timor-Leste Chuditch production sharing contract (PSC) on Wednesday, reporting that its local subsidiary SundaGas, which holds a 75% operating interest in Chuditch, had received interim products from seismic reprocessing.

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