Advance Energy appoints Stephen West as new CFO
Upstream oil and gas company Advance Energy appointed Stephen West as its new chief financial officer on Monday.
West, who has held several senior positions in oil and gas and mining companies, will join Advance Energy from PetroNor E&P, where he was CFO until his resignation in February.
Advance Energy said West was instrumental in the successful $100m merger of African Petroleum and PetroNor E&P in August 2019, as well as the subsequent integration of the two companies.
Separately, the AIM-listed group announced the resignation of non-executive director Graham Smith, with immediate effect, and said Ross Warner had stepped down from his executive director position and assumed the role of non-executive director.
Chairman Mark Rollins said: "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."
As of 1020 BST, Advance Energy shares had sunk 9.57% to 0.10p.