Horizon Oil (ASX:HZN) is set to see some major changes to their senior leadership team.
CEO Brent Emmett and General Manager of Exploration and development Alan Fernie will retire from the Company at the end of this month.
As foreshadowed, Horizon Oil’s Chief Financial Officer, Michael Sheridan, will assume the role of Chief Executive Officer.
Brent joined the board of Horizon Oil in 2000 and has led the management of the Company since 2002.
In that period, he has driven the Company’s transformation and growth to a stage where it is now well positioned with strong cash-generating oil assets in China and New Zealand, and substantial gas and condensate resources in Papua New Guinea.
Alan Fernie has led the Company’s technical team during the development of New Zealand and China.
Shares in Horizon Oil (ASX:HZN) are 3.49 per cent lower at 14 cents