Lundin CFO Calls it Quits After 10 Years

Lundin Petroleum has appointed Mike Nicholson as Chief Financial Officer (CFO) following the decision of Geoff Turbott to step down for personal reasons following 10 years in this position.

Nicholson has worked for the Company since 2005 through various roles and most recently as Managing Director in South East Asia. During his time in this role he has continued to build up the SE Asian business, most recently with the submission of the Bertam oil field development plan. Nicholson holds a degree in Economics from University of Aberdeen in Scotland.

Turbott has worked for companies in which the Lundin family has had a major shareholding since 1995, acting as Finance Manager for Sands Petroleum AB and Financial Controller for Lundin Oil AB. He continued his employment into Lundin Petroleum AB becoming CFO in 2002. Turbott will step down as CFO at the end of 2013 and will remain with the Company until the middle of 2014.

Ashley Heppenstall, President and CEO of Lundin Petroleum comments: “Geoff and I have worked together for the past 18 years and he has been a key member of the management team responsible for the successful growth of Lundin Petroleum. I would like to wish Geoff the very best for the future. At the same time I am excited to welcome Mike to his new position. Mike has excellent experience of the upstream business from both an industrial, financial and banking perspective and in addition has been responsible for the successful growth of our SE Asian business over the last 5 years.”

[mappress]
Press Release, October 10, 2013