London-based Ophir Energy’s chief executive officer and executive director, Nick Cooper, has stepped down from his position with immediate effect.
Cooper will remain an employee of the company at this time and will be leaving after a short handover period, Ophir Energy said in a statement.
Alan Booth, currently a non-executive director of the company, has been appointed as interim CEO and executive director until a new chief executive officer is appointed.
Ophir said in its statement that Cooper’s achievements include leading the company through a successful IPO in 2011.
This decision to appoint a new CEO reflects the Company’s ongoing move to rebalance its portfolio towards a larger production and cash flow base, to support more focused and sustainable exploration activity.
The company said it continues to focus on realizing value for shareholders from the Fortuna project and will continue to work with the government of Equatorial Guinea to develop this important resource.