A further four senior bosses at Aberdeen oil and gas operator Dana Petroleum have followed in the footsteps of their former chief executive by leaving the company for specialist investment and advisory firm Parkmead Group.
Tom Cross quit Dana in November after a £1.67billion buyout by South Korea’s national oil company.
He became executive chairman at Parkmead, which had moved its headquarters to the Granite City from London at the end of 2009 after buying Aberdeen University spinout company Aupec.
In December, Parkmead added two former Dana board members to its boardroom team. Philip Dayer and Ian Rawlinson, who were non-executive directors at Dana, took on the same roles at Parkmead.
The latest recruits to Parkmead’s growing stable of ex-Dana bosses are Colin Percival, Shona Kiloh, Julie Forsyth and Kathryn Ramsay.
Mr Percival was UK exploration manager at Dana and has more than 30 years’ experience in his field. He has joined Parkmead as group exploration manager.
After 12 years of leading Dana’s valuation work as senior economist, Ms Kiloh is now chief economist at Parkmead.
Ms Forsyth has joined Parkmead as group legal manager after seven years in a similar role at Dana. She worked on some of Dana’s largest transactions during her time there, including the acquisition last year of PetroCanada Netherlands for £270million.
Completing the quartet of Parkmead recruits, Ms Ramsay’s new duties see her managing business development and investor relations having been Dana’s investor-relations manager previously.
Parkmead said its enlarged senior management team, which also includes chief executive Niall Doran, chief financial officer Donald Mackay and financial controller Kevin Holley, was wholly based in Aberdeen and already working on “a number of identified growth opportunities”.
Mr Cross said: “This is an exciting time in the oil business. Parkmead now has an exceptional platform for growth, with a highly experienced, motivated and focused team who share a proven track record of creating value for shareholders.”
Alternative Investment Market-listed Parkmead is looking to develop oil and gas exploration and production assets. It was linked in reports last year to one potential acquisition in the North Sea and another overseas.
Meanwhile, further changes at Dana will see current chief executive Stuart Paton leave at the end of this month. His planned departure was reported in the Press and Journal in January.
Shares in Parkmead finished last night up more than 12% at 22.88p.