Paddy Clanwilliam resigns from Angus Energy board

22nd Mar 2024 14:28

(Sharecast News) - Angus Energy announced the resignation of Patrick 'Paddy' Clanwilliam from his position as non-executive chairman on Friday.

The AIM-traded firm said Clanwilliam joined the board in 2019 and had served as interim chair since August last year.

"We are very grateful to Paddy for his leadership and wise counsel during the five years of his involvement with Angus Energy," said chief executive officer Richard Herbert.

"As chairman, he was closely involved in the successful redevelopment of the Saltfleetby gas field, and in the subsequent refinancing of the company, putting Angus Energy on a secure financial footing to commence the next stage of the company's development.

"Paddy had stated his intention to step down at the conclusion of the refinancing project, which was announced last month."

In light of Clanwilliam's resignation, the board had appointed Krzysztof Zielicki, currently a non-executive director, to serve as the interim chair until a permanent successor was selected.

At 1354 GMT, shares in Angus Energy were up 6.67% at 0.4p.

Reporting by Josh White for Sharecast.com.