RCS - Challenger Energy - Resignation of CFO

Challenger EnergyAnnouncement

01/11/2024 07:00

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RNS Number : 2947K  Challenger Energy Group PLC  01 November 2024

1 November 2024

Challenger Energy Group PLC

("Challenger Energy" or the "Company")

 

Resignation of CFO

 

Challenger Energy (AIM: CEG) announces that Mr Gagan Khurana has resigned
as the Chief Financial Officer of the Company, for personal reasons, effective
immediately. Mr Khurana is not a director of the Company or any group
subsidiaries.

 

The Company's Group Finance Manager and Company Secretary, Mr Jonathan
Gilmore, will assume Mr Khurana's duties. Mr Gilmore has over 20 years of
relevant industry experience and has been with the Company in this role for
four years and thus already possesses a deep knowledge of the Company's
assets, commercial and financial functions. He holds a Bachelor of Commerce in
Accounting from the University of Western Sydney and is a Fellow of the
Institute of Chartered Accountants Australia and New Zealand. He previously
worked at EY in Sydney and London, specialising in mining and energy clients,
after which he served as a financial controller at the Kamato Copper Company
(Glencore) in Africa. Mr Gilmore joined Columbus Energy Resources Plc as the
Group Financial Controller in 2018 prior to the merger with Challenger Energy
in 2020.

 

Eytan Uliel, Chief Executive Officer of Challenger Energy, said:

 

"Gagan has made a significant contribution to our Company over many years, and
we wish him well in his future endeavours. Jonathan has been with us for many
years as well and, given his role as Group Finance Manager and Company
Secretary, has the knowledge and capability required to oversee our finance
function going forward. The coming year is shaping up to be a busy and
exciting time for Challenger Energy, and the entire team is focussed on
delivering on our objectives, for the benefit of all shareholders."

 

 

For further information, please contact:

 

 Challenger Energy Group PLC                         Tel: +44 (0) 1624 647 882

 Eytan Uliel, Chief Executive Officer
 Zeus - Nomad and Joint Broker                       Tel: +44 (0) 20 3829 5000

 Simon Johnson / Antonio Bossi / Darshan Patel
 Stifel - Joint Broker                               Tel: +44 (0) 20 7710 7600

 Ashton Clanfield / Callum Stewart / Simon Mensley
 Gneiss Energy Limited - Financial Adviser           Tel: +44 (0) 20 3983 9263

 Jon Fitzpatrick / Paul Weidman / Doug Rycroft
 CAMARCO - Financial PR                                Tel: +44 (0) 20 3757 4980

 Billy Clegg / Georgia Edmonds / Tomisin Ibikunle
 Jonathan Paterson - Investor Relations                Tel: +1 475 477 9401

 jonathan.paterson@harbor-access.com

 

Notes to Editors

 

Challenger Energy is an Atlantic-margin focused energy company, with
production, development, appraisal, and exploration assets in the region.
Challenger's primary assets are located in Uruguay, where the Company holds
two high impact offshore exploration licences, totalling 19,000km(2) (gross)
and is partnered with Chevron on the AREA-OFF 1 block. Challenger Energy is
quoted on the AIM market of the London Stock Exchange.

 

https://www.cegplc.com (https://www.cegplc.com/)

 

ENDS

 

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