Source - RNS
RNS Number : 1882H
President Energy PLC
06 June 2017

6 June 2017


("President", "the Company", "the Group" or "President Energy")


Appointment of Chief Financial Officer to the President Energy Group


President Energy (AIM: PPC), the upstream oil and gas company, is very pleased to announce that the Company has appointed Bruce Martin to the post of Chief Financial Officer to the President family of companies.

Bruce, a fluent Spanish speaker, was formerly for 5 years the well-respected Global Finance Director of the Integrated Project Management Division (IPM) at the leading international Fortune 500 Oil and Gas Services Company, Schlumberger. Prior to that, in a 22-year career with Schlumberger, he held at various times the positions of Regional Group Finance Director for Mexico and Central America, South East Asia and Ecuador.

Bruce will commence work with President on 19 June as the Head of the Company's existing finance teams, reporting directly to Peter Levine and whilst based in the UK, will be spending time at the Group's South American operations.

Bruce's full time role replaces that of Richard Swindells who performed a part time, interim role on a contract basis over the last year and who now departs with President's gratitude.

Peter Levine, Chairman and Chief Executive commented:

"As President continues to grow, Bruce brings the perfect skill set to the table, and I very much look forward to working with him side by side as our Company develops. I also would like to thank Richard for his time with the Group and wish him well in the future."


This announcement is inside information for the purposes of article 7 of Regulation 596/2014



President Energy PLC

Peter Levine, Chairman

Miles Biggins, COO


+44 (0) 207 016 7950




Peel Hunt LLP (Nominated Advisor & Joint Broker)

Richard Crichton, Ross Allister


+44 (0) 207 418 8900

BMO Capital Markets (Joint Broker)

Jeremy Low, Neil Haycock and Tom Rider


 +44 (0) 207 236 1010


Vigo Communications

Chris McMahon

Patrick D'Ancona

+44 (0) 207 830 9700


This information is provided by RNS
The company news service from the London Stock Exchange