3rd Mar 2014 11:15
LONDON (Alliance News) - Africa Oilfield Logistics Ltd Monday said it has appointed Carl Esprey as its new chief executive, giving him the task of driving the company's expansion strategy to strengthen its position as a provider of turnkey support services and logistics solutions to international oil, gas and mining companies operating on the African continent.
In a statement, the AIM-listed Africa-focused support services and logistics company said Esprey's predecessor, Andrew Groves, who guided the company through its initial public offering, will remain on the board as an executive director.
Chairman Phil Edmonds said he expects Esprey to bring "significant benefits".
"We expect swift progress to be made and will keep shareholders updated on a regular basis as we move into this new phase," Edmonds said in a statement.
Esprey, 34, is a qualified chartered accountant and chartered financial analyst. He began his career at Deloitte in Johannesburg in 2001, before joining BHP Billiton in 2004 as a mergers and acquisitions analyst. After four years at the company, he moved into equity investment and joined GLG Partners - the hedge fund acquired by Man Group PLC in 2010 - in London in 2008.
Africa Oilfield shares were Monday quoted at 8.50 pence, down 0.50p.
By Samuel Agini; [email protected]; @samuelagini
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