The Board of Ophir announces that, by mutual agreement, Dr Nicholas (Nick) Cooper the current Chief Executive Officer and Executive Director, has stepped down from the Board with immediate effect. Nick will remain an employee of the company at this time and will be leaving the company after a short handover period. Mr Alan Booth, currently a non-executive director of the company, has been appointed as Interim Chief Executive Officer and Executive Director, until a new CEO is appointed.
Nick’s achievements while CEO have been considerable and include leading the company through a successful IPO in 2011, realising value through selling part of its interest in Tanzania in 2013, the acquisition of Salamander in 2015 and, most recently, the proposed acquisition of Santos’ South East Asian assets. Under Nick’s leadership, the company has evolved from being a frontier deep water explorer to a financially strong business supported by a robust production base.
