Board and Management Change
March 12 2009 - 3:01AM
UK Regulatory
TIDMVPC
RNS Number : 7184O
Venture Production plc
12 March 2009
12 March 2009
VENTURE PRODUCTION plc
Board and Management Change
The Board of Venture Production plc (Venture) announces that Jon Murphy, Chief
Operating Officer (COO), has given notice of his resignation in order to develop
his career outside the Group. It is planned that Jon will step down from the
Board at the Annual General Meeting in May and will remain in employment with
the Company until the end of the year. The Board is also very pleased to
announce that, in a planned succession move, Jonathan Roger, currently General
Manager Producing Assets, will replace Jon as COO and be appointed to the Board
of Venture Production plc.
Commenting today, Mike Wagstaff, Chief Executive of Venture, said:
"I have had the pleasure of working extremely closely with Jon for the last 10
years. Since he joined Venture in March 1999, Jon has been a very important part
of the Venture team that has built the Company from a virtual start-up operating
onshore in Trinidad to one of the largest and most successful independent E&P
companies in the North Sea. On behalf of the Board, I would like to thank Jon
for his huge contribution to our success over the last 10 years and wish him
good luck in the future.
I am also delighted to be able to announce Jonathan's appointment as COO.
Jonathan has 17 years experience in the oil and gas industry and a broad
commercial and technical background. Having joined Venture in 2003 he led the
Company's southern North Sea gas business, including expansion into the Dutch
sector, following the acquisition of CH4. In late 2007, Jonathan's role was
expanded to cover all of Venture's producing business units in the North Sea. He
is already a member of our senior leadership team and I am looking forward to
working with him in his new role."
There are no disclosures required under 9.6.13 of the Listing Rules of the
Financial Services Authority in connection with Jonathan Roger's appointment as
an Executive Director.
Ends
Contacts:
Mike Wagstaff, Chief Executive01224 619000
Patrick Handley, Brunswick 020 7404 5959
John MacDonald (Scottish Press) 07770 886912
Notes to editors:
* Venture is the UK's leading development-led oil and gas production company,
based in Aberdeen with a further office in Hoofddorp, Holland.
* The Company targets 'stranded' - discovered but as yet undeveloped - resources
in the UK and Dutch sectors of the North Sea.
* The Company has been listed on the London Stock Exchange's FTSE 250 since 2002.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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