Advance Energy (AIM: ADV) has announced the appointment of Stephen West as its new chief financial officer.
The upstream oil and gas company said West will join Advance Energy from PetroNor E&P where he was CFO until his resignation in February.
Advance said West was instrumental in the successful $100m merger of African Petroleum and PetroNor E&P in August 2019 and the subsequent integration of the two companies.
Shares in Advance Energy were trading 8.70% lower at 0.105p on Monday morning.
“Stephen is a highly experienced and well regarded industry professional, the appointment of whom enhances and diversifies our overall management capabilities,” said Mark Rollins, Chairman of Advance.
Separately, the group announced the resignation of non-executive director Graham Smith, with immediate effect, and the move of Ross Warner from executive to non-executive director.
“The company is at an exciting juncture and we look forward to capitalising on the growing pipeline of compelling opportunities that are presenting themselves in the current climate,” added Rollins.
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