LONDON (Alliance News) - Xcite Energy Ltd Monday said it has appointed Andrew Fairclough as its chief financial officer with immediate effect, meaning he will take over responsibility for financing strategy from former CFO and current Chief executive Rupert Cole.
Fairclough, 44, joined the company in August 2012 as corporate affairs director after a career in investment banking and corporate finance. The company said he has become increasingly involved with financing strategy since he joined.
Former CFO Rupert Cole has been looking after the company's financing since he was appointed chief executive in August 2012.
Xcite Energy shares were down 0.3% at 97.25 pence Monday morning.
By Steve McGrath; stevemcgrath@alliancenews.com; @SteveMcGrath1
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