Oilex taps Colin Judd for CFO role

Exploration and development firm Oilex named Colin Judd as its new chief financial officer on Friday, succeeding Mark Bolton.

Judd, who to over the role on Thursday, joins Oilex from Trans European Oil & Gas, a pan-European oil and gas company he cofounded.

Bolton will stay on with Oilex as a non-executive director.

Chief executive Roland Wessel said: "Colin's appointment adds a wealth of experience and expertise to the company and is in line with the company's new strategy to enhance access to the AIM Market shareholder base.

"Having worked closely with Colin for over 20 years, I'm confident in his ability to help elevate the company to the next level. "

As of 0920 BST, Oilex shares were down 1.02% at 0.21p.