Sound Oil Plc. (SOU.L), the Mediterranean focused upstream oil and gas company, announced that Andrew Hockey has decided to step down as Chairman of the Company following the Annual General Meeting. Andrew will remain on the Board as a Non-Executive Director and will continue to chair the Exploration and Production Technical Committee and the HSE Committee. Andrew currently holds a full time executive position at Fairfield Energy Limited.
In addition, the company noted that Simon Davies, an existing Non-Executive Director of the Company and a significant shareholder, will assume the role of Non-Executive Chairman with immediate effect.
Simon has a wealth of City experience, including as Executive Chairman of Threadneedle Asset Management. Simon is also currently Chairman of JP Morgan Overseas Investment Trust, a Non-Executive Director of Grainger PLC and a Director of Old Mutual Wealth Management.
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