– UK, London – Echo Energy PLC (AIM:ECHO), the South and Central American focused upstream gas company, is pleased to announce the appointment of Fiona MacAulay as Chief Executive Officer and Director of the Company from July 5th.
Fiona has over 30 years of experience in the oil and gas industry, most recently as Chief Operating Officer and Technical Director of Rockhopper Exploration plc. Fiona has led the company’s work on the Sea Lion project in the North Falkland Basin where multiple discoveries in Sea Lion and most recently the Elaine Isobel complexes have resulted in audited 2C contingent resources of over half a billion barrels. Fiona, a Chartered Geologist, started her career with Mobil North Sea Limited in 1985 and has subsequently held senior roles in a number of leading oil and gas firms, including Amerada Hess and BG. She is European President of the American Association of Petroleum Geologists.
The Company would also like to confirm the appointment of Julian Bessa as Vice President, Exploration. Julian brings over twenty years exploration experience across the region, including at BG where he spent time as Bolivian Exploration Manager and VP Exploration Brazil.
The current Chief Executive Officer, Greg Coleman, will be stepping down immediately to pursue other opportunities but will be staying on with Echo in the role of transitional advisor until 1st September 2017. The Board of Echo would like to thank Greg for guiding the Company through a successful transition.
James Parsons, Chairman of Echo Energy, commented: ‘We are delighted to welcome Fiona as Chief Executive Officer. The Board and I are huge supporters of her drive and ambition and are very pleased to have secured someone of her regional experience, credibility and talent. Echo has an ambitious growth strategy and I look forward to working closely with her and Julian to rapidly build the Company into a mid-cap E&P firm; Fiona’s outstanding technical credentials ensure we are very well placed to deliver on all of our goals. I remain very focused on continuing to deepen our senior management bench-strength and look forward to announcing further appointments in due course.’
Fiona MacAulay commented: ‘I am delighted to be joining Echo at such an exciting time for the business, as we begin to implement our newly announced strategy. We are building an experienced senior team with technical and commercial strength, and are looking to grow the business though material additions to the portfolio as soon as possible. I look forward to working with James and the wider team to add real value for our investors and create a dynamic company of real scale.’
For more information : http://www.echoenergyplc.com
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