LONDON (Alliance News) - JKX Oil & Gas PLC on Monday said it has appointed two non-executive directors to its board, the latest in a series of changes to the company's management team.
The Russia-focused oil and gas firm replaced the majority of its board in January after shareholders voted in favour of ousting the previous team.
This followed a battle with Proxima Capital Group, a major shareholder. Its push to replace the board resulted in seven directors being ousted after a vote, with the remaining two resigning thereafter, meaning the entire board has now been replaced.
On Monday, JKX appointed Alan Bigman and Bernie Sucher as independent non-executive directors.
Sucher is a member of the board of Credit Bank of Moscow and Chairman of UFG Asset Management, a Russia-focused investment group. He is the former Russia head of Bank of America Merrill Lynch.
Bigman, meanwhile, is a director at Sanchez Production Partners and Vista Tex Energy LLC in the US. He is the former chief financial officer of LyondellBasell Industries, a chemical company, and formerly held senior positions with Russian oil group TNK-BP and aluminium producer SUAL.
JKX shares were untraded on Monday, having last traded at 23.30 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
