TIDMPPC

RNS Number : 1882H

President Energy PLC

06 June 2017

6 June 2017

PRESIDENT ENERGY PLC

("President", "the Company", "the Group" or "President Energy")

Appointment of Chief Financial Officer to the President Energy Group

President Energy (AIM: PPC), the upstream oil and gas company, is very pleased to announce that the Company has appointed Bruce Martin to the post of Chief Financial Officer to the President family of companies.

Bruce, a fluent Spanish speaker, was formerly for 5 years the well-respected Global Finance Director of the Integrated Project Management Division (IPM) at the leading international Fortune 500 Oil and Gas Services Company, Schlumberger. Prior to that, in a 22-year career with Schlumberger, he held at various times the positions of Regional Group Finance Director for Mexico and Central America, South East Asia and Ecuador.

Bruce will commence work with President on 19 June as the Head of the Company's existing finance teams, reporting directly to Peter Levine and whilst based in the UK, will be spending time at the Group's South American operations.

Bruce's full time role replaces that of Richard Swindells who performed a part time, interim role on a contract basis over the last year and who now departs with President's gratitude.

Peter Levine, Chairman and Chief Executive commented:

"As President continues to grow, Bruce brings the perfect skill set to the table, and I very much look forward to working with him side by side as our Company develops. I also would like to thank Richard for his time with the Group and wish him well in the future."

This announcement is inside information for the purposes of article 7 of Regulation 596/2014

Contact:

 
 President Energy PLC 
  Peter Levine, Chairman 
  Miles Biggins, COO                 +44 (0) 207 016 7950 
 Peel Hunt LLP (Nominated 
  Advisor & Joint Broker) 
  Richard Crichton, Ross Allister    +44 (0) 207 418 8900 
 BMO Capital Markets (Joint 
  Broker) 
  Jeremy Low, Neil Haycock            +44 (0) 207 236 
  and Tom Rider                        1010 
 Vigo Communications 
  Chris McMahon 
  Patrick D'Ancona                   +44 (0) 207 830 9700

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

June 06, 2017 02:01 ET (06:01 GMT)

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