Last checked at 28 Nov 2023 07:00
28 November 2023
Scirocco Energy plc
("Scirocco Energy" or "the Company")
Management Changes
Scirocco Energy (AIM:SCIR), the AIM investing company targeting attractive assets within the European sustainable energy and circular economy markets, announces that following completion of the divestment of its interest in Ruvuma, as planned, Doug Rycroft has stepped down from his position as COO of Scirocco with immediate effect.
Commenting on the change, CEO Tom Reynolds said:
"As a secondee from Gneiss Energy, which assisted us with the disposal of Ruvuma, Doug has played a critical role in managing Scirocco's interest in Ruvuma since 2018 and overseeing the divestment process. I'd like to thank him for his hard work in assisting that transformative transaction over the line. As we previously communicated to the market, the Board's priority in the near-term is to preserve cash until we land on the next investment and the shrinking of the executive team supports that focus."
For further information:
Scirocco Energy plc Tom Reynolds, CEO | +44 (0) 20 7466 5000 |
Strand Hanson Limited, Nominated Adviser Ritchie Balmer / James Spinney / Robert Collins |
+44 (0) 20 7409 3494
|
WH Ireland Limited, Broker Harry Ansell / Katy Mitchell |
+44 (0) 207 220 1666
|
Buchanan, Financial PR Ben Romney / Barry Archer / George Pope |
+44 (0) 20 7466 5000 |