Serica Energy has announced former Spirit Energy and Capricorn Energy chief Chris Cox as new CEO.
The 63-year-old, whose new role will take effect on July 1, boasts more than 40 years experience working in the oil and gas sector.
He's most recently been managing director and CEO of Curium Resources following a spell as CEO of Spirit and interim CEO of Capricorn.
David Latin, Serica's chair, had been CEO in an interim basis after Mitch Flegg stood down in February.
He said: "We are delighted to have secured the services of Chris Cox after a rigorous recruitment process.
"His technical and commercial acumen, combined with his track record in leadership and teambuilding as CEO of substantial upstream entities operating in multiple geographies including the UK and Norway, make him an excellent fit with Serica's existing operations, exciting drilling programme currently underway and ambitions to grow through M&A.
"With this appointment, we have our new executive team in place and I look forward to working with them to deliver growth and returns for our investors."
Mr Cox added: "I am honoured to be given the opportunity to lead the team at Serica at this very important time.
"In the last several years, Serica has established itself as one of the leading producing companies in the UK North Sea.
"I will do my utmost to continue the Company's reputation for safe high quality operational performance, to realise the significant potential for growth within the existing portfolio and to add further value for shareholders through M&A."
FTSE 100
The UK's flagship share index, the FTSE 100, was up two-points at 8,416 shortly after opening this morning.
Brent crude oil futures were up 0.12%, trading at $83.46 a barrel.
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