Erin Energy names new CFO

After Serica Energy today said its CFO would resign later this month to take up a senior position of an oil and gas company, Erin Energy Corporation has revealed itself as the destination company.

Erin Energy, until last week known as CAMAC Energy, announced today that Christopher J. Hearne will be appointed as Senior Vice President and CFO beginning June 1, 2015. Earl McNiel , the Company’s current CFO, will resign to pursue other interests effective May 31, 2015.

Hearne, 49, will join from Serica Energy Plc, where he has served as CFO and member of the Board since 2005. Serica’s oil and gas assets are currently located in the UK’s North Sea, East Irish Sea and Atlantic margin and in Morocco and Namibia.

The outgoing CFO McNiel has agreed to remain as a consultant to the company to assist with the transition of duties to Hearne. Erin Energy has said McNiel’s departure is not related to any issues regarding financial disclosures, accounting or legal matters.

Kase Lawal, Chairman and CEO of Erin Energy said: “We appreciate Earl’s hard work and his contributions to our efforts, and we wish him all the best in his future endeavors. We are excited to bring Chris on board and welcome him to the team. With his wealth of experience in corporate finance and capital markets in North America and the UK, we believe he will be a great addition to our company.”