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Columbus Energy splits CEO and chairman role

Former boss Leo Koot remains as executive chairman and will work alongside new boss Tony Hawkins

Columbus Energy Resources PLC - Columbus Energy appoints new chief executive
Columbus has operations offshore Trinidad

Columbus Energy Resources PLC (LON:CERP) has appointed Tony Hawkins as its chief executive with immediate effect.

Leo Koot remains as executive chairman and will work alongside Hawkins, who joined the company as legal and commercial director in January 2018 and has over 20 years of industry experience.

READ: Columbus Energy aims to agree Goudron production service contract by March

“I remain committed to the company and with Tony responsible for the day to day operations, I can dedicate my time to growing the business in a manner consistent with our strategy roadmap,” said Koot in a release.

He said Hawkins "has been instrumental over the last two years in helping plan and then execute on the company's strategy", including the restructuring that led to the drilling of the Saffron well and broadening the asset base with the Steeldrum and Weg Naar Zee transactions. 

Koot said the benefit of separating the role of chairman and CEO meant Hawkins would be "responsible for the day to day operations" and he could dedicate his time "to growing the business in a manner consistent with our strategy roadmap", which currently consisted of working at the Saffron well site in Trinidad.

Quick facts: Columbus Energy Resources PLC

Price: 3 GBX

AIM:CERP
Market: AIM
Market Cap: £25.4 m
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