(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Monday and not separately reported by Alliance News:
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Vaalco Energy Inc - Houston, Texas-based oil and gas firm - Names Ronald Bain as chief financial officer, effective from Monday. He has 25 years of oil industry experience in a variety of financial roles and "significant" capital markets experience. Was previously CFO at Eland Oil & Gas PLC until it was bought by Seplat Petroleum Development PLC in December 2019. Vaalco's chief executive, George Maxwell, founded Eland Oil & Gas and helped run the firm until it was sold to Nigeria's Seplat. "Ron's experience serving on the board of an E&P company, his leadership of large geographically diverse financial teams listed in both the US and UK and strong ties to the London investment and banking community make him an important addition to the company. Ron worked closely with me at Eland where he was an integral part of our success," says Maxwell.
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Lekoil Ltd - oil & gas explorer and producer in Nigeria and elsewhere in West Africa - Lekoil Nigeria Ltd says Edward During serves notice of resignation as chief financial officer of Lekoil Ltd. Lekoil Nigeria refers to Cayman Islands-registered AIM-listed Lekoil Ltd, which holds a 40% stake in Lekoil Nigeria, as Lekoil Cayman. During will continue in his position as CFO and director at Lekoil Nigeria. Lekoil Nigeria says During stated that his position as CFO at Lekoil Cayman had "become untenable". "During's resignation from Lekoil Cayman is a direct result of the continuous breaches of due process and corporate governance by the board of Lekoil Cayman which have left him with no other option. With seven high-level departures from the board and management of Lekoil Cayman, we once again urge AIM to investigate recent events at Lekoil Cayman," says Lekoil Nigeria Chair Muhammed-Oyebode.
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Amino Technologies PLC - Cambridge-based broadcasting technology provider - Says Non-Executive Chair Karen Bach plans to step down. She will continue to serve in the role until a successor has been appointed. Search process for her replacement to commence shortly. "Karen has made a significant contribution to the group during her tenure, including leading the board as it developed the group's 2025 strategy, which is already delivering meaningful improvements in revenue quality and growth," firm says. Adds that it is planning name change to Aferian PLC.
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Asimilar Group PLC - London-based investment company - Hires Michael Preen as non-executive director with immediate effect. From 2009 to 2014 he held the position of head of Corporate & Legal Affairs at Hydrodec Group PLC, an AIM-listed clean tech oil company. He is a qualified solicitor with 25 years' experience in the provision of legal, corporate and governance advisory services.
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WH Ireland Group PLC - London-based broker and wealth manager - Says Alistair Buchanan to step down as non-executive director by end of September to "concentrate on other business interests". "We would like to thank Alistair for his stewardship and guidance at an important time for WH Ireland; his wisdom and insight have been invaluable. We wish him every success for the future," says Chair Phil Shelley.
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Amedeo Air Four Plus Ltd - investment company that buys, leases and sells aircraft - Says John Le Prevost has resigned as a director with immediate effect for personal reasons. Says selection process for additional non-executive director currently under way.
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By Lucy Heming; lucyheming@alliancenews.com
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WHIreland (WHI)
Amedeo Afp (AA4)
Vaalco Energy (EGY)