Afren reshuffles board of directors

Independent exploration group Afren has reshuffled its board of directors ahead of its annual general meeting.

In a short statement released on Thursday, the London-listed group said its chairman, Egbert Imomoh will stand down, with David Frauman to join the board as non-executive chairman on 25 June.

David Thomas, who was recently appointed chief operating officer, will be joining the board as executive director, while Toby Hayward, Sheree Bryant and Iain McLaren will vacate their position as non-executive directors.

“I am pleased to have the support of David Frauman through this transition period as we are building up the new board and management team,” said group chief executive Alan Linn.

“We are confident that the company has a solid plan in place to reset the business on the growth path."

Afren shares were down 2.50% to 1.95p at 08:41 on Thursday.