Independent Oil and Gas (IOG), a development and production focused oil and gas company, has accepted the resignation of Michael Jordan from the board today with immediate effect.
IOG said on Wednesday that Jordan was leaving due to personal reasons, unrelated to his duties in the company.
The company added that Jordan was a founder of the company and has been an integral part of IOG’s growth and progress to date.
This is an opportunity for IOG to appoint another independent non-executive director and the company said the Board was already in discussions with “certain individuals” with relevant oil and gas and AIM listed experience.
David Peattie, Chairman of IOG, said: “We would like to thank Mike for his significant contribution, and we will especially miss his entrepreneurial skills. Nonetheless, IOG is looking to improve all aspects of its business as we prepare to move forward with three operated development projects, and this presents an opportunity to further strengthen the board.”