Range Resources names new non-exec director

Oil and gas exploration group Range Resources has appointed Yu Wang to the board of non-executive directors.

Wang is the nominee of Beijing Sibo Investment Management, which earned the right to appoint up to three non-executive directors, after investing $30m in the London-listed company earlier this year and entering a subscription agreement with Range.

An investment manager at Shanghai Anjin Investment, Wang previously held a similar role at Weihai International Economic & Technical Cooperative, specialising in project analysis and evaluation of energy and mineral projects in Africa, including oil and gas projects in the Republic of the Congo.

Range shares were down 1.47% to 0.557p at 1052 BST on Thursday.