Independent Oil & Gas names Rupert Newall as new CFO

Development and production company Independent Oil and Gas revealed that Rupert Newall would be taking over as its new chief financial officer on Tuesday, with immediate effect.

Newall, who joined IOG in November 2018, has over 25 years of finance and advisory experience in the upstream oil and gas industry - primarily in investment banking where he provided strategic, transactional and financing advice to a broad range of exploration and production companies and majors.

Chairwoman Fion MacAulay said: "Rupert has been an invaluable member of the senior management team over the past year, most notably leading the successful farm-out process.

"Rupert's extensive experience will be key as we deliver the Core Project and grow further by adding attractive reinvestment opportunities to the portfolio."

Elsewhere, IOG tapped James Chance to take over as head of corporate finance and investor relations.

Both will continue to serve on IOG's executive management committee.

As of 1330 GMT, IOG shares had inched ahead 0.39% to 18.07p.