(Alliance News) - FTSE 250 energy company Energean Oil & Gas PLC on Thursday said it has made a current director, Karen Simon, its new chair.
London-headquartered Energean has moved Non-Executive Director Simon to non-executive chair following the retirement of incumbent Simon Heale.
The company has also appointed Amy Lashinsky as a non-executive director. All three changes are effective immediately.
Simon, Energean said, recently retired from JPMorgan & Co where she was lately vice-chair of the firm's investment bank. Other previous roles include head of Europe, Middle East & Africa oil and gas research.
Lashinsky co-founded risk management firm Alaco, and helped set up corporate investigation and risk consultant Kroll Inc's London office prior to that.
Outgoing Non-Executive Chair Heale said: "Karen Simon has made a significant contribution to Energean since she became a non-executive director in 2017 and I leave Energean in excellent hands, with listings in London and Tel Aviv, a significant development in Israel and a growing reserves and production base in the Mediterranean.
"With its gas-weighted strategy and portfolio, Energean is well-placed to address the many challenges and opportunities ahead. It has been an honour to serve on the board and I wish Energean every success, going forward."
Energean's main asset is the Karish Tanin gas project off the coast of Israel, which is scheduled to begin producing in early 2021. It also owns producing assets in Greece and exploration & development sites across the Mediterranean.
Shares were 0.7% higher on Thursday morning in London at 917.00 pence each.
By George Collard; georgecollard@alliancenews.com
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Energean Oil & Gas (ENOG)