SDX Energy PLC - London-based oil and gas company - Michael Doyle steps down as chair with immediate effect. Doyle will be replaced by Independent Non-Executive Director Tim Linacre on a temporary basis. A process is underway to appoint a permanent chair as well as an extra non-executive director. SDX also appointed Krzysztof Zielicki as new non-executive director. Zielicki has over four decades of experience in the oil and gas industry with senior leadership positions at BP PLC and Russia's Rosneft, where he was vice president for M&A and Strategy.
SDX says it will be making several strategic appointments in order to implement its "new vision" focused on disciplined growth, profitability and cash flow generation, with the support of its new major shareholder Aleph Commodities Ltd. SDX last month said Aleph leads a group of shareholders that now has a 25.7% combined holding.
Current stock price: 10.09 pence
12-month change: up 3.5%
By Chris Dorrell; chrisdorrell@alliancenews.com
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