LONDON (Alliance News) - Cabot Energy PLC said Friday it appointed James Dewar as interim independent chairman with immediate effect.
Dewar used to be BP PLC divisional chief financial officer and currently holds the position of non-executive director at Lamprell PLC, PICO International Petroleum and Cheiron Petroleum Corp.
Once the company appoints a new non-executive chairman, Dewar will change its role to senior independent director.
Furthermore, the company added that independent non-executive chairman Jonathan Murphy and senior independent non-executive director Iain Lanaghan have stepped down from the board and retired from the company.
Cabot Energy shares were trading 1.0% higher at 2.42 pence each.
BP (BP.)