Northcote Energy’s financial director has stepped down with immediate effect, the company announced today.
Daniel Jorgensen’s departure was said to be part of a planned restructuring of the company’s finance function which has seen the recruitment of a qualified, US-based financial controller and will see the finance team located in the US.
Northcote said Jorgensen will continue to work with the company to ensure a smooth handover whilst the company considers additional board appointments with an emphasis on increasing both US and oil industry presence.
Chief executive Randall Connally, said: “We would like to thank Dan for his dedication and service to the company since our IPO and wish him all the best in his future endeavours.
“We have built a strong finance team in Dallas so that reporting and accounting functions are close to operations.” We will be announcing additions to our Board of Directors in due course”.
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