Hartshead Resources NL has appointed non-executive chairman Bevan Tarratt as executive chairman, effective from 1 December.
Mr Tarratt, who will be paid £1,000 per day exclusive of superannuation, has a background in corporate and financial services industries having worked for accounting and corporate broking firms for the past 15 years.
Experienced in the recapitalisation, restructuring and acquisition of assets for numerous ASX companies, he was also a client advisor at Patersons Securities and partner of a venture capital firm.
He has held executive and non-executive board roles with more than 20 years of experience.
The Australian oil and gas company, focused on the southern North Sea, said that the change aligned with its “strategic objectives and evolving operations”, including a “substantial” increase in workload particularly in growth and sustainability.
“These areas include funding, project divestments and acquisitions, and capital markets activities.”
Mr Tarratt will take on more direct responsibilities, focusing on “optimising the project portfolio, enhancing capital market engagement and assisting the company’s acquisition and divestment strategies”.