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Share Price: 135.90

Bid: 135.30

Ask: 136.00

Change: 3.10 (2.33%)

Spread: 0.70 (0.517%)

Open: 136.00

High: 140.80

Low: 134.40

Prev. Close: 132.80

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IN BRIEF: Serica Energy says CEO Flegg to step down after six years

Thu, 01st Feb 2024 10:12

Serica Energy PLC - oil and gas company operating in the UK North Sea - Chief Executive Officer Mitch Flegg will step down from his role, after a six-year tenure and "some forty years in the industry", after Serica's full year results are published. He will remain as an advisor until after the next annual general meeting, which Serica expects to convene in June this year. Chair David Latin will take over as interim CEO until the company appoints a long-term successor. Serica says Flegg "leaves the company in its best ever health". Company has commenced search for a successor, to be supported by external advisors.

Chair Latin says: "Mitch has helped build and lead the company through its recent evolution and has created a very strong platform of significant scale with a solid balance sheet. Serica is now well placed for further growth in service of increased shareholder value, to which the board is committed as its top priority."

Current stock price: 205.00 pence, down 3.1%

12-month change: down 19%

By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

More News

28 Aug 2012 07:58

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25 Jun 2012 09:29

BP joins Serica in Namibia

Serica Energy said the Namibian government had given the thumbs up to a farm-in deal with BP. The firm said the Namibian Minister of Mines and Energy had consented to the assignment by Serica of a 30% interest in its Luderitz Basin Licence 0047. Under the terms of the farm-in, BP has agreed to ear

25 Jun 2012 08:56

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19 Jun 2012 08:24

Serica making rapid progress in Namibia

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1 May 2012 11:53

Serica ready to start large survey in Namibia

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15 Mar 2012 12:59

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4 Jan 2012 17:12

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4 Jan 2012 09:09

Serica jumps on UK offshore licence awards

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Serica Energy mulls sale of Indonesia ops

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Premier Oil and gang expand North Sea portfolios

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2 Aug 2010 07:31

Serica Energy Starts Oates Exploration Well Drilling

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Serica Energy To Carry Out FEED For Bridge Linked Platform

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26 Mar 2010 16:30

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IN BRIEF: Serica Energy says CEO Flegg to step down after six years

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