African Petroleum announced Wednesday that it has appointed Jens Pace as its new CEO, following Stuart Lake’s decision to step down with immediate effect as the company’s CEO and executive director due to health reasons.
Pace is currently serving as African Petroleum’s chief operating officer. He joined the company in 2012 and has previously held exploration leadership roles in Africa and other regions for BP. As part of his new role as CEO, it is anticipated that Pace will be joining the board of African Petroleum in due course.
Charles Matthews, chairman of African Petroleum, commented in a company statement:
“It is with regret that Stuart is leaving us and we wish him a speedy and full recovery. He has been a great leader for African Petroleum and has enabled the company to take great strides forwards. Fortunately, African Petroleum has the strength and depth within the existing management to be able to make the required changes internally. Jens and the rest of the experienced management team have been working very closely with Stuart during our ongoing partner negotiations and we remain confident in our ability to successfully conclude transactions in the near future.”
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