Rose Petroleum PLC - Directorate Changes and Board Restructuring
Directorate Changes and Board Restructuring
In addition to these changes, the Company is also pleased to announce that
Gordon Stein has been appointed to the Board as an independent Non-Executive Director. Gordon has over 26 years of international experience in the oil and gas sector and has a significant track record of working with AIM quoted natural resources businesses. Among other current appointments, Gordon is Chief Financial Officer of AIM-quoted Columbus Energy Resources PLC, and he previously served as CFO of AIM-quoted Madagascar Oil Ltd, Cadogan Petroleum plc and Regal Petroleum PLC. Gordon is a member of the Chartered Institute of Public Finance & Accountancy, and his considerable financial and capital markets experience will assist the Company on a number of fronts.
The Company is also taking this opportunity to bolster its governance framework and, as an independent Non-Executive Director, Gordon will also be Chairman of the Company's
Further to its announcement on
"In taking on the role of Chief Executive at this pivotal time, I personally look forward to working with Rick, Gordon and the rest of the team to achieve our prime objectives - delivering value and growth for all shareholders.
"As detailed in my Chairman's statement in the most recent Annual Report, my initial focus was to augment the Company's Board and management team. I believe we now have a well-balanced, diversified and experienced Board, one with the skillset required to help the Company grow. Our next task is to implement our plans for growth and to ensure we have the operational team in place to deliver on our key objectives. I look forward to providing updates on progress in the coming months."
Board appointment - regulatory disclosures
Current directorships held
Columbus Energy Resources plc
Columbus Energy (
Directorships held within the last five years
Madagascar Oil Ltd
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Tel: +44 (0)20 7225 4599
Tel: +44 (0)20 7225 4599
Tel: +44 (0)20 3328 5656
Tel: +44 (0)20 7894 7686
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Tel: +44 (0)20 7399 9427
Turner Pope Investments - Joint Broker
Tel: +44 (0)20 3621 4120
Tel: +44 (0) 20 3633 1730
Notes to editors
The Company's established management is supported by an expert technical team with extensive experience of the basin, where current operations nearby have proven successful, with significant initial production rates and low decline rates, offering strong economics even in the present oil price environment.
The Company's strategy is to grow both organically and through acquisition, identifying additional hydrocarbon assets, conventional or unconventional, that would benefit from the Company's fast-acting, entrepreneurial approach.
This information is provided by RNS, the news service of the
Quick facts: Rose Petroleum PLC
Market Cap: £1.36 m
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