LONDON (Alliance News) - Oil and gas company Cabot Energy PLC said on Monday it has shaken up its senior executive leadership, with the departure of Chief Executive Officer Keith Bush and Finance Director Nicholas Morgan, with effect later in 2018.
Bush has been chief executive for six years since 2012, and Morgan finance director also for six years starting from 2012.
They will be replaced by Scott Aitken, who will become chief executive, and Non-Executive Director Petro Mychalkiv, who will be chief financial officer.
Aitken will be joining from High Power Petroleum, where he is currently chief executive officer and has been for nearly three years since 2015, and Mychalkiv has been non-executive director at Cabot since January.
In addition, Non-executive Director Campbell Airlie will take on the role of chief technical officer.
"On behalf of Cabot Energy, I would like to thank Keith Bush and Nick Morgan for their contributions to the company and their dedicated service as officers of the company. We wish them the best of luck in their future endeavours," said Chairman Jonathan Murphy.
Shares in Cabot Energy were down 8.7% at 3.79 pence on Monday.