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PEOPLE: Eland announces changes in Board [Oil & Gas News](Oil & Gas News Via Acquire Media NewsEdge) ELAND Oil & Gas, the oil and gas exploration, development and production company with an initial focus on Nigeria and West Africa, has announced that George Maxwell has been appointed as chief executive officer (CEO) with immediate effect. Maxwell was formerly chief financial officer of Eland and is a founder director of the company. Prior to this, he was general manager for Addax in Nigeria, responsible for finance, fiscal and commercial activities.Les Blair will step down from the Board and as CEO to assume the new role of strategic advisor to the company with immediate effect. The role, reporting to the CEO, will be to promote the company within Nigeria, to undertake certain partner and Government related tasks on behalf of the company and to support the CEO in specific strategic objectives.The Board has also announced the appointment of Louis Castro as chief financial officer (CFO) of the company. Prior to his appointment as CFO, Castro was a non-executive director of Eland and chair of the audit committee. He has been a director of the company since August 2012. As part of the transition, Harry Wilson has assumed the position of executive chairman.Harry Wilson, executive chairman, commented: "With production having recommenced and the recent acquisition of Ubima, our focus is now on maximising the value of our portfolio and delivering strong shareholder returns. This requires a reshaping of the senior management team and the creation of an important new strategic advisor role.From inception of the company, George has demonstrated exceptional commercial judgement and I am pleased that he is stepping up to lead the company. Since joining the company two years ago, Louis has also proven his capability to become CFO. I believe that George and Louis will together form a strong team which has the right blend of operational, commercial and financial experience to take the company to the next stage of its development." (c) 2014 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info). |