(Energy Analytics Institute, Aaron Simonsky, 11.Dec.2018) — Echo Energy plc announced that company Chief Executive Officer Fiona MacAulay will move from her current role to that of a Non-Executive Director with the company at year-end 2018.
The Board of Directors has appointed Martin Hull, Echo’s Chief Financial Officer, as Managing Director with immediate effect.
“It has been a huge pleasure to work with Fiona in these early stages of Echo’s development and I would like to thank her for her significant contribution in securing our Argentine portfolio, drilling four wells, completing various work-overs and in strengthening and deepening the executive team. At this stage in her career Fiona wishes to develop a Non-Executive portfolio and we look forward to having the benefit of her continuing input as a fellow Director of the company,” announced Echo Energy Chairman James Parsons in a statement on the company’s website.
At the request of the board, Hull will be actively supported by the company’s Non-Executive Chairman MacAulay for a transition period until March 31 2019, the company said.
“I am very pleased that Martin will be taking the reins, bringing his extensive international transaction experience as we continue to drive growth and build an even stronger platform for value creation for our shareholders in the future,” said Parsons.
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