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Solo Oil reveals high quality hires as it names new CFO and COO

They take up their roles immediately, with appointment to Solo Oil's board of directors expected in due course.

Solo Oil PLC - Solo Oil reveals high quality hires as it names new CFO and COO

Solo Oil PLC (LON:SOLO) has boosted its senior management with the appointment of Romina Mele-Cornish as chief financial officer and Doug Rycroft as chief operating officer.

The pair join the company with immediate effect and it is expected that they will be added to the board of directors in due course.

Mele-Cornish joins from offshore industry group Oil & Gas UK and has previously worked for private-equity backed Oyster Petroleum.

READ: Solo Oil teams up with THREE60 and NRG

Rycroft is promoted to the role of COO having been Solo’s acting general manager, helping the board deliver its strategic objective including portfolio rationalisation and business development.

Executive chairman Alastair Ferguson described them as “high-quality appointments.”

“Romina's varied industry background lends itself perfectly to our current juncture in terms of corporate finance and M&A experience, and the expertise garnered through her role with Oil & Gas UK will serve us well as we seek to execute transformational growth in line with our stated objectives,” Ferguson said.

 He added: “Doug has already proven himself to be a highly valuable member of the team bringing exceptional technical and commercial skills that have contributed significantly to our continued turnaround, so we are pleased to formalise his role as COO and benefit from his talents going forward.”

Quick facts: Solo Oil PLC

Price: 1.04 GBX

Market: AIM
Market Cap: £6.73 m

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