Lekoil Limited – Directorate Change

Lekoil Limited – Directorate Change

Lekoil (AIM: LEK), the oil and gas exploration and development company with a focus on Nigeria and West Africa more generally, announces the resignation of Lisa Mitchell, the Company’s Chief Financial Officer. The Company and Lisa have agreed that she will stay until the annual report and accounts of the Company for the financial year ending December 2018 has been finalised and published.  

Greg Eckersley, until recently the Global Head of Internal Equities at the Abu Dhabi Investment Authority (ADIA), will assume the role of interim Chief Financial Officer, to oversee, with the support of the Company’s financial controller, the Company’s finance function, following publication of the 2018 annual report and accounts.  Greg is currently Chairman of Lekoil’s Remuneration Committee  and is a member of the Company’s Audit Committee.

The Company has commenced the search to identify candidates for the role of a permanent Chief Financial Officer. In view of the needs of the business, the Company is focusing the search on a candidate that will be based primarily in Nigeria. 

Commenting on the announcement, Samuel Adegboyega, Chairman of Lekoil, said: 

“The entire Board would like to thank Lisa for her service to Lekoil to date and wishes her well in her future career. The Board would also like to thank Greg for accepting the position of Interim Chief Financial Officer. ” 

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