Oil and gas firm Enegi today appointed former investment banker Nigel Burton as chief executive.
Following the move, former chief executive Alan Minty will remain on the Aim-quoted firm’s board as executive chairman.
Enegi, which targets “marginal” fields in the North Sea, said Burton – who has more than 25 years’ experience of the energy and utilities industries – would help the company pursue its strategy of building a portfolio of field or royalty interests in global oil and gas projects.
Minty said: “Nigel brings extensive experience in the financing of projects in the energy and utilities industries, which will be key to the commercial implementation of our strategy.
“I will concentrate on strategy and supporting the process of acquiring projects, an initiative I have worked hard to develop for many years.”