Serica Energy CEO Mitch Flegg has announced his plan to leave the board after the company’s 2023 financial results are published, the UK-focused producer said February 1. His interim successor is David Latin, the board chairman.
Mr Flegg had run Serica for six years, achievements in that time including the acquisition of a string of BP assets in 2018 (Bruce/Keith/Rhum) and Tailwind Energy in 2023.
Mr Flegg will remain as an adviser to Serica until after the annual general meeting, planned for June. The search for a new CEO will be led by the chairman of the nominations committee Malcolm Webb and an external adviser.
Serica said Mr Flegg leaves the company “in its best ever health, very well positioned to deliver full value from its assets and exploit opportunities in the UK and beyond.”
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