Bahamas Petroleum looking for new chief

Dr. Paul Crevello, chief executive officer of Bahamas Petroleum, has quit the oil and gas exploration company with immediate effect for personal reasons.Steve Weyel, a non-executive director with significant technical and corporate experience within the oil and gas industry, will assist in the day to day affairs of the company by providing a supporting role to Paul Gucwa, the company's chief operating officer. Alan Burns, non-executive chairman of the company, will head the hunt for a replacement for Dr. Crevello.Shares in the company eased to 8.55p from the previous night's close of 9.40p on the news.--jh