Baron Oil PLC (AIM: BOIL) has announced several changes to its board and management, spearheaded by the newly appointed CEO, Andy Butler.
Butler expressed his commitment to enhancing shareholder value, governance, and transparency with the revamped leadership team.
He emphasized the ongoing focus on the Chuditch project in Timor-Leste, noting that the company is actively preparing to drill an important appraisal well and is engaging with potential investors.
Gerry Aherne, previously the chair of Cenkos, has taken over as the non-executive chair of the company, succeeding John Wakefield, effective immediately.
Jon Ford, the Technical Director, will transition from the board to a part-time consultancy role as a technical adviser.
The company welcomed John Chessher as an independent non-executive director and appointed Rob Collins as the Chief Financial Officer, a role currently not part of the board.
Butler thanked both John Wakefield and Jon Ford for their substantial contributions to the board and expressed enthusiasm about the new appointments, particularly highlighting Rob Collins’ extensive experience in financing natural resources projects.
