Options galore for Yeo as he assumes CFO role at Wessex
Wessex Exploration said Andy Yeo, a non-executive director of the AIM-listed oil and gas group, has taken on the responsibilities of Chief Financial Officer with immediate effect.
Wessex Exploration said Andy Yeo, a non-executive director of the AIM-listed oil and gas group, has taken on the responsibilities of Chief Financial Officer with immediate effect.
Yeo is also the Chief Executive Officer of Bluebird Energy, a hydrocarbon exploration firm.
Malcolm Butler, the company's recently appointed non-executive Chairman, said: "I am pleased to confirm that Andy will now act in an executive capacity as Chief Financial Officer. Andy was instrumental in the AIM flotation of Wessex and the subsequent fund raising."
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
Both Butler and Yeo have been granted new options under the company's share option plan to buy up to 5m shares at 7p each; seeing as French integrated oil company Total was prepared to offer 10p a share for Wessex earlier this year the option awards look on the generous side.
Wessex shares have performed strongly over the past year, more than doubling their value to 6.75p. The company moved from the PLUS market to AIM on March 18th, 2011.
NR
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Reeves warned against property tax shake-up – 3 ways it could backfire on first-time buyers
Rachel Reeves reportedly has her eye on high-end property taxes in the upcoming Budget, but there are concerns a shake-up could unintentionally hamper those trying to get on the housing ladder
-
Average Brits want to retire five years before they can – who has the widest retirement gap?
Brits are expecting to work for longer than ever but there are big disparities in the number of extra working years predicted. A small tweak could help close the gap