Prospex Energy PLC (AIM:PXEN) has hired Mark Routh as its new chief executive, who takes the reins from managing director Edward Dawson.
Routh, formerly chief executive and chairman of Independent Oil & Gas, is expected to add operational and technical expertise to the board.
“We look forward to working closely with Mark as the company grows its portfolio of European gas and power projects,” said chairman Bill Smith.
“In addition to increasing cash flow in Spain and bringing the Selva property on stream, the company has a number of attractive opportunities and, with the addition of Mark, is well positioned to build new assets in the onshore European gas and power areas while continuing to enhance its ESG programmes.”
Smith added: “I thank Edward for his contribution to the growth and development of Prospex, particularly the very exciting Selva, El Romeral and Tesorillo projects.
“With permitting nearing completion at Selva to allow production and the growth opportunities at El Romeral, Edward has helped lay strong foundations for the future of the company."