Ophir Energy Plc Chief Operating Officer Position (5032K)
July 07 2017 - 10:37AM
UK Regulatory
TIDMOPHR
RNS Number : 5032K
Ophir Energy Plc
07 July 2017
7 July 2017
Ophir Energy plc
("Ophir" or the "Company")
Chief Operating Officer Position
In accordance with its firm commitment to deliver a successful
and sustainable business at this challenging point in the business
cycle, the Board of Ophir (the "Board") is further reducing the
running costs of the business by implementing staff reductions at
the London head office. As a consequence, Dr. William (Bill) Higgs
will be stepping down from his role as Chief Operating Officer and
Executive Director. The Company has no plans to appoint another
Chief Operating Officer or Executive Director. A further
announcement will be made shortly.
Commenting, Bill Schrader, Chairman of Ophir, said:
"On behalf of the Board, I would like to thank Bill for his
significant contribution to Ophir's progress during his tenure. In
particular, I would like to recognise his personal involvement in
making our Salamander acquisition and integration successful. We
wish him the very best in his future endeavours in which I am
confident he will be successful."
For Further Information please contact:
Ophir Energy plc +44 (0)20 7811 2400
Philip Laing, General Counsel & Company Secretary
The information contained within this announcement is deemed by
the Company to constitute inside information for the purposes of
the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
This information is provided by RNS
The company news service from the London Stock Exchange
This information is provided by RNS
The company news service from the London Stock Exchange
END
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