The chief executive of IGas Enegy has stepped down.
Andrew Austin has resigned from the board and is set to handover to the company’s chief financial officer, Stephen Bowler.
The move comes after IGas Energy’s landmark acquisition of Dart Energy was officially completed late last year.
The £117million takeover created the UK’s largest gas explorer.
Mr Austin said: “I have been at IGas for more than ten years. The announcement, yesterday, of the completion of the transaction with INEOS means that the Company is entering a new phase of execution, well-funded by its partners and with a stable production base.”
IGas said the recruitment of a new financial officer is now underway.
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