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Baron Oil chairman and CEO step down

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Baron Oil plc non-executive chairman John Wakefield and chief executive officer Andy Yeo have stepped down.

Dr Andy Butler, currently director Asia-Pacific, becomes CEO with immediate effect.

Mr Yeo remains on the board until the end of March to transfer responsibilities to the new CEO, while Mr Wakefield will leave the board once a new non-executive chairman is appointed.

“On behalf of the board, I would like to thank Andy Yeo and John Wakefield for their significant contributions to the company during their respective tenures,” said Dr Butler.

Baron Oil said that the board changes reflected its current strategic focus on its South East Asian business, adding that suitable candidates were already under consideration.

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