Northcote Energy (LON:NCT) has told investors that finance director Daniel Jorgensen has now stepped down, as part of a planned restructuring.
The company said that it is recruiting a qualified, US based financial controller. And it will base its finance team in the US as well.
Jorgensen will continue to work with Northcote to effect an orderly transition whilst the company considers new appointments, it added.
“We have built a strong finance team in Dallas so that reporting and accounting functions are close to operations,” said chief executive Randall Connally.
“We will be announcing additions to our board of directors in due course with an emphasis on increasing both US and oil industry presence.”
By Jamie Ashcroft
Source: Proactive Investors
LinkedIn Twitter Xing EmailWhen I left my second large company experience to become President of a small manufacturing company I did so driven by ego; I fancied the title. Soon […]
LinkedIn Twitter Xing EmailFirm details on exactly how the U.K. will regulate new medicines is still to be decided after it leaves the EU later this year (caveats on timing […]
LinkedIn Twitter Xing EmailThe Simply Good Foods Company, the owner of Atkins-branded food products, has secured a deal to acquire protein snack maker Quest Nutrition for $1 billion. Quest, which […]