(Alliance News) - Nostrum Oil & Gas PLC on Wednesday said its Chief Financial Officer Shane Drader has resigned.
Nostrum is an Amsterdam-headquartered oil and gas company with operations in Kazakhstan.
Drader joined the company in August last year.
Nostrum said that it will now initiate a process to recruit a new CFO and added that Drader will ensure an effective transfer of his responsibilities.
Chief Executive Arfan Khan said: "Shane has been a valued colleague at Nostrum, serving an important role during a challenging period of transformation for the company as it seeks to complete a financial restructuring and re-establish its operations on a stronger footing."
Shares in Nostrum were down 4.4% to 2.75 pence each in London on Wednesday afternoon.
By Sophie Rose; sophierose@alliancenews.com
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Nostrum Oil&gas (NOG)