7 Jul 2017 16:37
7 July 2017
Ophir Energy plc
("Ophir" or the "Company")
Chief Operating Officer Position
In accordance with its firm commitment to deliver a successful and sustainable business at this challenging point in the business cycle, the Board of Ophir (the "Board") is further reducing the running costs of the business by implementing staff reductions at the London head office. As a consequence, Dr. William (Bill) Higgs will be stepping down from his role as Chief Operating Officer and Executive Director. The Company has no plans to appoint another Chief Operating Officer or Executive Director. A further announcement will be made shortly.
Commenting, Bill Schrader, Chairman of Ophir, said:
"On behalf of the Board, I would like to thank Bill for his significant contribution to Ophir's progress during his tenure. In particular, I would like to recognise his personal involvement in making our Salamander acquisition and integration successful. We wish him the very best in his future endeavours in which I am confident he will be successful."
For Further Information please contact:
Ophir Energy plc +44 (0)20 7811 2400
Philip Laing, General Counsel & Company Secretary
The information contained within this announcement is deemed by the Company to constitute inside information for the purposes of the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
This information is provided by RNS
The company news service from the London Stock Exchange