Matra Exploration announced the appointment on Friday of Bill Guest as Chairman.
Guest, who has 37 years of experience in oil and gas including work for Shell International and Monument Oil, succeeds the late Sir Michael Jenkins.
He has been a Non-Executive Director of Matra since 2010 and is also on the boards of Sacoil Holdings and British European Energy.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"We are fortunate to be able to call upon the experience of Bill Guest as Chairman of Matra," said Chief Executive Maxim Barskiy.
"As a Non-Executive Director of the Company his knowledge and understanding is held in the highest regard. His leadership will be invaluable as we continue to work diligently to execute the Company's stated strategy."
RD
-
8 of the best houses for sale with annexesThe best houses with annexes – from a period property in the Lake District to a 13th-century house with a two-bedroom annexe in Saltwood, Kent
-
Zelenskyy moves to appease Donald Trump – what happens now?Ukraine’s president Volodymyr Zelenskyy is conceding ground to secure the least-worst deal possible, says Emily Hohler
