Ascent Resources announced Friday that its finance director Colin Hutchinson has become the company’s interim chief executive, following Len Reece’s decision to resign.
With the support of Ascent’s non-executive directors, Hutchinson will lead the day-to-day activities of the company. Ascent Resources announced on August 17, 2015 that Len Reece had resigned as a director. Following further discussions between Reece and the company, Reece’s employment was terminated on September 2015.
Commenting on the management changes, Ascent Resources stated:
“The board of Ascent would like to extend its thanks and appreciation for Len's work in leading the company over the past three years. Len oversaw the move from a collection of disparate assets spread over five countries to a focus on its prime Slovenian asset. More recently he has been instrumental in moving the IPPC permit forwards. We wish Len well for the future.”
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