Challenger Energy finance chief steps down

1st Nov 2024 12:08

(Sharecast News) - Challenger Energy Group announced the resignation of chief financial officer Gagan Khurana on Friday, effective immediately, due to personal reasons.

The AIM-traded firm noted that Khurana was not a director of the company or its subsidiaries.

His responsibilities would be assumed by group finance manager and company secretary Jonathan Gilmore, who had more than 20 years of experience in the industry and served Challenger Energy for four years.

Gilmore would bring a strong background in financial management within the energy sector, the company explained, holding a bachelor of commerce in accounting and fellowship with the Institute of Chartered Accountants Australia and New Zealand.

His previous experience included roles at EY in Sydney and London, focusing on mining and energy clients, and as financial controller at Glencore's Kamato Copper Company in Africa.

He initially joined Columbus Energy Resources as group financial controller in 2018 before its merger with Challenger Energy in 2020.

"Gagan has made a significant contribution to our Company over many years, and we wish him well in his future endeavours," said chief executive officer Eytan Uliel.

"Jonathan has been with us for many years as well and, given his role as group finance manager and company secretary, has the knowledge and capability required to oversee our finance function going forward.

"The coming year is shaping up to be a busy and exciting time for Challenger Energy, and the entire team is focussed on delivering on our objectives, for the benefit of all shareholders."

At 1121 GMT, shares in Challenger Energy Group were down 0.87% at 5.7p.

Reporting by Josh White for Sharecast.com.