3rd Mar 2014 07:00
Africa Oilfield Logistics Limited / Ticker: AOL / Index: AIM / Sector: Support Services
3 March 2014
Africa Oilfield Logistics Limited ('Africa Oilfield' or 'the Company')
Appointment of Chief Executive Officer
Africa Oilfield Logistics Ltd, the AIM listed African focussed support services and logistics company, is pleased to announce the appointment of Mr Carl Esprey as Chief Executive Officer with immediate effect. Mr Esprey, a highly qualified and experienced corporate and resource industry professional, will drive the Company's expansion strategy to strengthen its position as a leading provider of quality turn-key support services and logistics solutions to international oil, gas and mining companies operating on the African continent.
Mr Esprey who qualified as a Chartered Accountant and Chartered Financial Analyst, has built an expansive career in the natural resource investment and development sector. After beginning his career at Deloitte in Johannesburg in 2001, Mr Esprey joined BHP Billiton in 2004 as an analyst focussed on mergers and acquisitions. After four years at BHP Billiton, Mr Esprey used his expertise in the resource industry to move into equity investment and joined GLG Partners in London in 2008, where he focussed on natural resources investments.
Africa Oilfield Chairman Phil Edmonds said, "The board believes that Carl's appointment, with his energy, motivation and skills, will bring significant benefits to the Company as we seek to expand and develop our business at a rapid pace. We expect swift progress to be made and will keep shareholders updated on a regular basis as we move into this new phase."
Mr Andrew Groves, who held the position of Chief Executive Officer whilst stewarding the Company through its IPO on AIM and initial investment, will remain on the Board as an Executive Director.
Mr Carl James Esprey (age 34) has or holds the following directorships and/or partnerships in the last 5 years:
Current | Past (within the past five years) |
- | Laurel Heights LLP |
There is no further information on Mr Esprey required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.
** ENDS **
For further information please visit www.africaoilfieldlogistics.com or contact:
Andrew Groves | Africa Oilfield Logistics Limited | Tel: +44 (0) 20 7408 9200 |
David Foreman | Cantor Fitzgerald Europe | Tel: +44 (0) 20 7894 7000 |
Rick Thompson | Cantor Fitzgerald Europe | Tel: +44 (0) 20 7894 7000 |
Andy Cuthill | Peat & Co. | Tel: +44 (0) 20 3540 1722 |
John Beaumont | Peat & Co. | Tel: +44 (0) 20 3540 1723 |
Richard Greenfield | GMP Securities | Tel: +44 (0)20 7647 2836 |
Susie Geliher | St Brides Media & Finance Ltd | Tel: +44 (0) 20 7236 1177 |
Charlotte Heap | St Brides Media & Finance Ltd | Tel: +44 (0) 20 7236 1177 |
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