IGas chairman stands down
Oil and gas exploration firm IGas revealed on Friday that non-executive chairman Mike McTighe will step down from the role with immediate effect.
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McTighe, who opted to leave the group for "personal reasons", will be replaced on an interim basis by Cuth McDowell, currently a senior independent non-executive director at IGas.
Chief executive Stephen Bowler said: "Mike helped steer IGas through a challenging refinancing and more recently through the successful reserve-based lending facility."
McTighe added: "I am saddened to have to step down at this time, but I leave the company in much better shape than when I first arrived and ready to seize the future opportunities open to it in the UK energy market as we transition to Net Zero in 2050, still requiring a significant contribution from gas in the mix."
As of 1105 BST, IGas shares were down 1.66% at 51.43p.