UKOG Executive Chairman Retires

UK Oil & Gas Investments announced Wednesday that Stephen Sanderson has replaced David Lenigas as the Executive Chairman of the company.

Sanderson, who manages the company’s interest in the Horse Hill project near Gatwick airport, will remain the UKOG Chief Executive, a position he has held since January 2015. Although Lenigas is retiring from his position, he will be retained as a consultant to the company for a period of at least four months to assist with the transition.

Stephen Sanderson, UKOG Executive Chairman, commented in a company statement:

"David Lenigas has made a substantial contribution to UKOG's business throughout his tenure, and we wish him success with his other business ventures. On behalf of the board and all the team, I would like to thank David for his contribution and for his commitment to UKOG and the company's assets in the south of England. I am thus delighted to be asked to lead the company into what I believe will be a very exciting and productive future."

David Lenigas, commented in a UKOG release:

"It is my policy to step down from the boards of companies once I believe that they have reached a state of maturity where they require sector-experienced executive management to take over. The progress the company has made is a source of great satisfaction and I feel confident that this is the right time to hand over the reins to a respected oil executive with high credentials who I believe will continue to drive the company forward."

Have a news tip? Share it with Rigzone!


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.


Our Privacy Pledge

More from this Author
Rigzone Staff
e-mail us at
 -  ExxonMobil Starts Fuels Production at ... (Sep 21)
 -  How to Become a Safety Engineer (Sep 18)
 -  How to Become a Geologist (Sep 15)
 -  Oil, Gas Industry Leadership Group to ... (Sep 14)
 -  CB&I Wins China PDH Unit Contract (Sep 11)

Most Popular Articles

From the Career Center
Jobs that may interest you
Project Manager
Expertise: Mechanical Engineering|Project Management
Location: La Porte, TX
Project Coordinator
Expertise: Project Management
Location: Los Angeles, 
Expertise: Technical Manager
Location: Port Arthur, TX
search for more jobs

Brent Crude Oil : $56.43/BBL 0.40%
Light Crude Oil : $50.55/BBL 0.27%
Natural Gas : $2.95/MMBtu 5.44%
Updated in last 24 hours