Australian exploration firm Rialto Energy has named industry veteran Andrew Rose as their new interim chief financial officer.
The 56-year-old, who was formerly CFO of the Middle-East focused Gulfsands Petroleum, oversaw the floatation and growth of Burren Energy during the 2000s before the company’s £1.73billion takeover by Eni.
Rose, who takes over his new post later this month, takes over from Patrick Garo in the role.
“I am very pleased that Andrew has agreed to join us as Interim CFO and look forward to working alongside him,” said Rialto managing director Rob Shepherd.
“He is a highly experienced and well respected industry CFO with a proven track record. During his successful careers in both industry and investment banking, Andrew has acquired all the necessary expertise to help the new team at Rialto meet its primary objective of delivering value to our shareholders.
“Rialto has gone through a significant transitional period over the last six months as it looks to rebuild investor confidence and we really pleased that Andrew shares the vision of the newly formed board and management team as we look to create material value within the Company henceforth.”
The news comes just two days after Charles Nieto stepped down as the company’s chief operating officer.
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