NORTH Sea-focused Valiant Petroleum has appointed a temporary chief executive in order to allow the company's founder Peter Buchanan to focus on a plan to buy the business.
Two months after announcing it was open to offers, Valiant Petroleum told investors the senior non-executive director Michael Bonte-Friedheim has been appointed acting chief executive.
The company said it has agreed with Mr Buchanan that he should "focus exclusively" on the delivery of a proposal to buy the business he founded in 2004.
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