ELAND Oil & Gas has chosen an internal candidate to be its new chief executive as part of a management reshuffle.
George Maxwell has been on the board of the Aberdeen company as its chief financial officer since 2009.
Mr Maxwell, a founding director of Eland and formerly a business development manager at Addax, replaces Scottish oil and gas veteran Les Blair immediately.
The change will see Mr Blair step down from the Eland board to become a strategic advisor to the business.
That role, which reports in to the chief executive, will be primarily to promote the company within Nigeria and work on certain strategic objectives. Louis Castro, an investment banker and accountant, will move from a non-executive director role to become the new chief financial officer at Eland.
AIM-listed Eland said that for an interim transition period Harry Wilson will move from non-executive chairman to become its executive chairman
The West Africa focused business paid £6m to increase its exposure to Nigeria with the purchase of the Ubima field in August with production from its onshore Opuama field in the country also recently re-starting.
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