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UK EXECUTIVE CHANGE SUMMARY: United Oil & Gas Hires Former Tullow CFO

Wed, 23rd Dec 2020 13:44

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Wednesday and not separately reported by Alliance News:

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United Oil & Gas PLC - oil and gas company with assets in Egypt, Italy, Jamaica, and the UK - Appoints Tom Hickey as independent non-executive director, starting January 1. Hickey was chief financial officer of London-listed Tullow Oil PLC from 2000 to 2008. He currently is chief executive officer of Boru Energy Ltd, a West Africa focussed oil and gas company supported by Carlyle Group. Hickey holds 3.1 million United Oil shares, a 0.5% stake. Meanwhile, Alberto Cattaruzza will step down from the board on December 31. He has served as non-executive director since the United Oil's listing in 2017 via a reverse takeover of Senterra Energy, where Cattaruzza was a director.

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Tasty PLC - London-based casual dining restaurant operator - Sam Kaye moves from joint CEO to non-executive director, while Jonny Plant, the other joint CEO, becomes sole CEO, effective immediately. Says move is to allow Kaye "to devote more time to his other interests in these challenging times". Company will start search for an additional independent non-executive director.

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600 Group PLC - West Yorkshire, England-based manufacturer and distributor of machine tools, precision engineered components and industrial laser systems - Neil Carrick resigns as CFO, effective Wednesday. A restructuring by 600 Group announced last month would have meant Carrick moving to Orlando, Florida. The company had said at the time that he would resign after deciding he was unable to do so for personal reasons. 600 Group hires Mitch Krasny, a former CFO of numerous technology companies, including subsidiaries of Stockholm-based Telia Co AB, as its new CFO. In November, 600 Group had reported it swung to a loss in its financial year that ended March 28.

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Kavango Resources PLC - mineral exploration in Botswana - Chair Douglas Wright will resign from board at the end of December "to concentrate on his other business interests", having been in post since before the company's listing in 2018. Searching for new chair. In meantime, Non-Executive Director Mike Moles will serve as chair.

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Beeks Financial Cloud Group PLC - Glasgow-based connectivity provider for financial markets - Hires Kevin Covington as an independent non-executive director, starting January 4. Covington is a 30-year trading technology veteran, currently running fintech advisory firm Change Alley.

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Verici Dx PLC - Cardiff-based clinical diagnostics for organ transplant - Hires Angela Rose as senior director for Clinical Trial Operations, effective immediately. Rose joins from regenerative medicine biotech company Humacyte Inc, where she was responsible for global operational oversight and delivery of clinical development projects and clinical trials.

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KKV Secured Loan Fund Ltd - equipment leasing and asset finance investment - Hires David Copperwaite as independent non-executive director, starting from the conclusion of company's annual general meeting on December 31. Copperwaite, a resident of Guernsey, is on the board of directors of a number of investment funds, KKV says, and is the former chair of the International Bankers Association.

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By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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United Oil & Gas To Raise GBP2.5 Million Through Share Issue (ALLISS)

LONDON (Alliance News) - United Oil & Gas PLC said on Friday it intends to raise GBP2.5 million through a placing and subscription of 58.8 million shares at a price of 4.25 pence per in the at

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United Oil & Gas Extends Option Date In Corallian Farm-Out

LONDON (Alliance News) - United Oil & Gas PLC said Tuesday it has extended the option expiry date for its farm-out agreement with Corallian Energy Ltd.Under the is

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