Hurricane Energy CFO resigns

  • Business & Finance

The chief financial officer and director of London-listed oil explorer Hurricane Energy has resigned via mutual agreement.

Hurricane said on Thursday that Alistair Stobie had resigned as CFO and director of the company by mutual agreement with the board.

The company added that, although not carrying out his day-to-day responsibilities after February 27, he would remain available to assist Hurricane with the transfer of his responsibilities.

Richard Chaffe has assumed the role of acting CFO at the request of the board. He joined the company in 2016 as the head of finance.

He was previously the finance director at EOG Resources in the UK and before that worked for Ernst & Young.

Steven McTiernan, chairman of Hurricane, said: “We thank Alistair Stobie for his contribution to Hurricane and are pleased that Richard Chaffe has agreed to assume the role of acting chief financial officer.

“He has considerable finance and audit experience both within Hurricane and the wider oil and gas sector.”

As for other recent company news, Hurricane was granted an extension for a UK license which contains the Lancaster and Lincoln areas several months ago. The extension comes with a commitment to drill a well on each of the areas.

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