Afren PLC Executive Director Resignation / COO Appointment (0796Q)

TIDMAFR

RNS Number : 0796Q

Afren PLC

12 June 2015

Resignation of Executive Director and appointment of Chief Operating Officer

London, 12 June 2015

Afren Plc ('Afren' or the 'Company') announces that Mr. Darra Comyn has today given notice of his resignation as Group Finance Director of Afren. The Company also announces that David Thomas has been appointed to the position of Chief Operating Officer of Afren with effect from 8th June 2015.

Resignation of Executive Director:

Following his resignation, Darra will not be proposed for re-election at the forthcoming Annual General Meeting. The Company will now commence a search for a Chief Financial Officer. Darra has agreed to remain as an employee of the Company until the re-structuring closes and while the search for his successor continues. It is expected that Darra will leave the Company in the summer. Having joined the Board in March 2010, Darra has served as a Director of Afren for over five years.

Egbert Imomoh, Executive Chairman of Afren commented:

"On behalf of the Board, I would like to thank Darra for his contributions to Afren, particularly during the recent difficult times. We wish him well in his future endeavours."

Appointment of Chief Operating Officer:

David Thomas, the new COO, has over 35 years' executive and operational experience in the international oil and gas industry covering operations, exploration, business development and corporate transactions with both large and small companies.

Prior to joining Afren, Dave was Chief Operating Officer with Petroceltic International from 2012 to 2015. His previous roles have included CEO for Melrose Resources from 2007 to 2012; President and COO for Centurion Energy; Regional VP in West Africa; Russia/Asia/ Australia and North Sea for Eni SpA; and Group General Manager, Operations and MD Pakistan for LASMO plc. Dave started his career as a Reservoir Engineer with Conoco UK before moving to increasingly senior positions including Chief Reservoir Engineer and Asset Management roles. Dave has a BSc in Mining Engineering from Nottingham University.

Alan Linn, Chief Executive Officer of Afren commented:

"I am delighted to welcome Dave into Afren's senior executive team. He brings with him a wealth of operational experience and an outstanding reputation for delivering results. I am looking forward to working closely with Dave and the rest of the Afren team as we reshape the Afren business, focusing primarily upon delivering production and development results in Nigeria, and re-balancing our exploration portfolio."

For further information contact:

 
Afren plc                         Tel: [phone] 
Alan Linn, Chief Executive 
 Officer 
Bell Pottinger (public relations  Tel: [phone] 
 adviser to Afren plc) 
Gavin Davis 
Henry Lerwill 
 

Notes to Editors

Afren is an independent upstream oil and gas exploration and production company listed on the main market of the London Stock Exchange and a constituent of the Financial Times Stock Exchange 250 Index. Afren has a portfolio of assets spanning the full cycle E&P value chain. Afren is currently producing from its assets in Nigeria and holds further exploration interests in Nigeria, Ghana, Co te d'Ivoire, the Kurdistan region of Iraq, Congo Brazzaville, Kenya, Ethiopia, Madagascar, Seychelles, Tanzania and South Africa. For more information please refer to www.afren.com.

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCGMGMVKZKGKZM