Victoria Oil & Gas today confirmed a board revamp as looks to bolster its financial leadership.
The firm’s deputy chairman, Grant Manheim, and part-time finance director, Robert Palmer, will both step down from their positions.
Palmer’s exit comes after the board “feels that it is now time that with increased activities within the Group that a full time position is required”.
Andrew Diamond, the company’s financial controller, has been appointed as finance director of the company with effect from 30 June 2016.
The 41-year-old was previously head for reporting for Subsea 7.
Andrew holds 4,000 ordinary shares of 0.5p each in the company ,representing approximately 0.004 % of the company’s ordinary share capital.
Kevin Foo, executive chairman, said: “Grant and Robert were foundation members of the board since the start of the company 12 years ago and on behalf of the board, I would like to thank them for their unfailing dedication and valuable contribution to building the excellent company we have. Their departure is a natural evolution of a growing and maturing company.
“Andrew has been an outstanding addition to the team since he joined us last year and I am delighted that he has accepted the role of full time finance director.”
Recommended for you
