Ophir Energy CEO Steps Down
Ophir Energy plc announced Friday that Nicholas Cooper, its current chief executive officer and executive director, has stepped down from the board with immediate effect.
“Nick will remain an employee of the company at this time and will be leaving the company after a short handover period,” Ophir said in a company statement.
Alan Booth, currently a non-executive director of the company, has been appointed as interim chief executive officer and executive director, until a new chief executive officer is appointed.
Ophir said the decision to appoint a new chief executive officer “reflects the company’s ongoing move to rebalance its portfolio towards a larger production and cash flow base, to support more focused and sustainable exploration activity”.
Cooper said a solid platform had been built for new leadership to take the company forward.
“I have thoroughly enjoyed my seven years at Ophir and am proud of what we have achieved together. Ophir has transformed from a high risk, frontier explorer to a sustainable, balanced, upstream company,” he said in a company statement.
“I wish the staff, board and shareholders of Ophir all the very best for the future,” he added.
Cooper was appointed as an executive director and chief executive officer of Ophir in June 2011. Prior to joining Ophir, he was chief financial officer and co-founder of Salamander Energy plc.
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