Mark Parsons, chief executive officer (CEO) of Capital Drilling Limited (LON:CAPD), is to retire from executive employment by the end of the month.
He plans to return to his home in Australia and focus on non-executive opportunities.
With Parsons moving on from the drilling services provider, Brian Rudd will assume responsibility for the company's Exploration Division, while Stuart Thomson will be responsible for the Production Division. Both positions will report directly to the executive chairman, Jamie Boyton.
Rudd, a co-founder of the company, is already an executive director of the company. He has in excess of 30 years’ experience in the mining industry in both Australia and Africa.
Thomson joined Capital Drilling in March 2016 as executive general manager of Business Development. He has more than 25 years' experience in both mining and mining service companies.