Oilex Ltd - Australian oil and gas exploration and production company - Names Colin Judd as new chief financial, effective Thursday. Mark Bolton, the current CFO, will continue as a non-executive director and company secretary.
In 1999, Judd joined Star Energy Ltd, a UK onshore operator of 25 oil and gas fields, as a founder member and CFO and was instrumental in the company's successful listing on AIM in 2004, Oilex says, various subsequent share placings and the company's ultimate sale to Petronas. He then co-founded Trans European Oil & Gas Ltd, a company backed by private equity giant KKR, with the strategy to develop a pan-European oil and gas business.
Oilex Chief Executive Roland Wessel says: "Colin's appointment adds a wealth of experience and expertise to the company and is in line with the company's new strategy to enhance access to the AIM market shareholder base. Having worked closely with Colin for over 20 years, I'm confident in his ability to help elevate the company to the next level. "
Judd's hiring follows the appointment of Star Energy founder Roland Wessel as CEO a couple of weeks ago.
Current stock price: 0.22 pence
Year-to-date change: up sharply from 0.080p on December 31
By Paul McGowan; paulmcgowan@alliancenews.com
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