(Alliance News) - IGas Energy PLC said Friday it has appointed Senior Independent Non-Executive Director Cuth McDowell as chair with immediate effect.
He will be replacing Mike McTighe, who is stepping down for personal reasons after two years in the role since 2017.
McDowell has been non-executive director at IGas Energy for seven years since 2012. He was once finance director at oil & gas firm Paladin Resources PLC for nine years from 1997 to 2006 before it was acquired by Canadian peer Talisman Energy Inc.
"On behalf of the board I would like to thank Mike for his considerable contribution to the company and valued leadership over the last three years. Initially, Mike helped steer IGas through a challenging refinancing and more recently through the successful reserve based lending facility. He leaves the company well financed, and in a much stronger position," said Chief Executive Stephen Bowler.
Shares in IGas Energy were down 1.7% at 51.40 pence on Friday in London.
By Dayo Laniyan; dayolaniyan@alliancenews.com
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