Ophir Executive Director to be replaced by current CFO

Jonathan Taylor, a co-founder and Executive Director of Ophir Energy, has announced his plans to retire at the 2013 annual general meeting and will be replaced by Chief Financial Officer (CFO) Lisa Mitchell.

Mitchell was appointed to the role of CFO in January last year, having started with the company has Financial Controller.

She was previously CFO at Pan Pacific Petroleum and held the same role at GCM Resources.

Nicholas Smith, Chairman of Ophir Energy said: "Jon has been involved with Ophir since 2004 as a co-founder and served initially as its Technical Director before becoming Executive Director.

"We are delighted to welcome Lisa Mitchell to the board. Lisa has been a key member of the Executive Team and an instrumental part of Ophir's evolution since the IPO."

The share price fell 1.21% to 400.40p by 10:46 Friday.

NR