Rockhopper Exploration Plc (LON:RKH) has announced that non-executive chairman David McManus will be retiring from the company, to be replaced by Keith Lough who is currently senior independent director.
"I would like to thank David for his unstinting efforts as both a director and latterly as chairman, as the company broadened its horizons with transactions in both the Falklands and the Mediterranean and continued to progress its Sea Lion development,” said Sam Moody, Rockhopper chief executive.
READ: Rockhopper says it has made ‘good progress’ in Falklands
“His wise counsel and support throughout that period have been greatly appreciated by the whole board.
“I wish him the best in his other endeavours and look forward to continuing to work with Keith in his new role."
The company noted that after its AGM its board will comprise six directors - two executive directors and four non-executive directors, including the chairman.
It intends to reduce the size of the board over time, and, it anticipates that Tim Bushell will step down from the board at or before the company's AGM in 2020.