LEKOIL

Investor news

29.06.2015

Directorate Change

Lekoil (AIM: LEK), the oil and gas exploration and development company with a focus on Nigeria and West Africa more generally, announces that by mutual agreement David Robinson, the Company’s Chief Financial Officer, is leaving the Board, and the Company, with immediate effect.

Valentine Ejiogu, the Company’s Financial Controller, will be assuming leadership of the Company’s financial function pending the appointment of a new Chief Financial Officer to the Board. The search for a new Chief Financial Officer, with experience in a producing oil business and to be based either at the Company’s operational office in Lagos or in London, will commence immediately and the Company will issue a further update in due course.

David Robinson, CFO said: "I am extremely proud of what we have been able to achieve in such a short period of time. As Lekoil prepares to move to the next stage of its development as an oil producing company, the time commitment for the CFO in Lagos will increase.  With a family in Asia, this was going to become increasingly challenging and so I have decided this is the right the time to move on."

Samuel Adegboyega, Lekoil’s Chairman, said: “The Board would like to thank Dave for his contributions to Lekoil and most especially its May 2013 IPO.  The Board and Dave recognised that we now need different skills as we make the transition to a producing oil and gas business.” 

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