Aminex carries out multiple board changes

14th Mar 2014 08:35

East African focused oil group Aminex has unveiled a number of senior board changes which are to take effect immediately.The group has named Jay Bhattacherjee, Chief Executive Officer, and Phillip Thompson, Chief Operations Officer, to the board.The new appointments come after the acquisition of privately-owned Canyon Oil & Gas, which both Bhattacherjee and Thompson founded. That transaction was funded through the issue of 80m Aminex shares.Max Williams, who has been with group for many years and is the current Chief Financial Officer, joins the board as Finance Director.Brian Hall has stepped down as acting executive Chairman but will remain as Chairman for as long as required. Exploration Director Mike Rego is leaving the company to pursue other opportunities.Chairman, Hall, said: "Jay Bhattacherjee and Philip Thompson have been working with the company as consultants for several months and we are pleased to cement the relationship through their appointments to the board."They have each acquired substantial holdings in the company through vending their own company into Aminex for shares and following this up with material cash contributions in the recent successful placing. Max Williams has been with Aminex for many years and his services are highly valued, never more so than during the last 12 month period. All three will be proposed for election at the forthcoming annual general meeting. As of 09:00 the share price was unchanged at 99p.WS