26th Jul 2018 13:48
LONDON (Alliance News) - Natural resources investor Solo Oil PLC announced Thursday the appointment of engineer Alastair Ferguson as a non-executive director and chairman-designate.
Ferguson's appointment comes almost two weeks after the current executive chairman, Neil Ritson, said he will leave by the end of 2018.
Ferguson has over 40 years' experience in the oil and gas industry, Solo said, and spent 25 years at BP PLC in a number of roles.
Solo said Ferguson is set to take up the reigns when Ritson leaves the company at its annual general meeting on August 6.
Ritson said: "I am very pleased to welcome Alastair to the board of Solo. Alastair's years of commercial and business experience, developing international gas projects in the Middle East, Asia Pacific and Russia, will strengthen the board and potentially expand the company's geographic reach.
"I look forward to continuing to assist the company in a technical capacity after my retirement from the board."
Solo shares were 2.1% higher on Thursday at a price of 2.40 pence each.
Related Shares:
BP