Serica Energy plc chief financial officer Andy Bell will leave in the new year after nearly 20 years with the company.
His replacement will be Martin Copeland.
Mr Bell was initially a consultant to Serica and, since the Bruce, Keith and Rhum acquisitions, has been vice president finance and in September 2021 CFO.
“The board is very grateful to Andy Bell for his many years of service to the company and our sector,” said chairman David Latin.
Chief executive Mitch Flegg added: “I would especially like to thank him for the unstinting support and sage advice he has given me personally since I became CEO in 2017.
“I also want to thank him enormously for agreeing to stay on to provide support during the CFO transition and to complete the work of creating an integrated finance function following Serica’s acquisition of Tailwind.”
MARTIN COPELAND
Mr Copeland is currently a principal at energy advisory firm Kirk Lovegrove & Co. Ltd.
He has worked in oil and gas financing and advisory roles across a number of investment banks for more than 30 years.
Some of his recent North Sea experience includes advising Premier Oil on its reverse takeover by Chrysaor to create Harbour Energy, JX Nippon on the sale of its UKCS business to Neo Energy and Tailwind Energy on its sale to Serica.