(Alliance News) - Premier Oil PLC on Monday said it has hired Alexander Krane as chief financial officer, effective from April 15, replacing Richard Rose who will resign as interim chief executive and finance director on the same date.
The oil & gas company with operations in countries including Mexico, the UK, Vietnam, and Brazil noted Krane has over 20 years of experience from holding various accounting, controlling and executive roles in the energy industry.
In 2012, Krane joined Norwegian oil company Det norske oljeselskap ASA as CFO, remaining in the role following the company's merger with BP Norway in 2016. In 2019, he left the merged entity Aker BP ASA to become investment director at Aker ASA, responsible for the company's oil and gas investments.
The new hire comes as the latest change in the leadership team after in October, Premier Oil agreed to merge with Harbour Energy's UK operating firm Chrysaor through a reverse takeover. In December, the company confirmed the departure of then-chief executive officer Tony Durrant, saying Rose would take on the additional role of interim chief executive at the start of 2021 until the completion of the Chrysaor merger.
Shares in Premier Oil were trading 2.0% lower at 18.98 pence each on Monday morning in London.
By Ife Taiwo; ifetaiwo@alliancenews.com
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