UK-based Jersey Oil & Gas has appointed a new chief financial officer (CFO) with immediate effect.
Jersey said on Wednesday that Vicary Gibbs was named as the new chief financial officer.
Gibbs has over 20 years of experience as a corporate financier advising oil and gas corporates on M&A, capital raising and restructuring transactions. He previously worked at BMO Capital Markets as a managing director of investment banking.
Since April 2017, Gibbs has acted as an independent oil and gas consultant, providing advice to Jersey Oil & Gas and others. Before this, he worked at Canaccord Genuity Hawkpoint, Bank of America, and Deutsche Bank AG.
Accordingly, Scott Richardson Brown has stepped down from the CFO role to focus on other directorships and business interests. He agreed to assist Gibbs and the company in achieving a smooth handover of his responsibilities over the next four weeks.
Marcus Stanton, chairman of Jersey Oil & Gas, said: “I am delighted to welcome Vicary to the board and look forward to working with him in the years ahead, leveraging off his considerable experience as we look to grow the business organically with our core Verbier asset as well as continuing to evaluate and pursue accretive North Sea-focused acquisition opportunities.
“I would like to take this opportunity to thank Scott for his contribution to the company’s development, as we transitioned through the restructuring of Trap Oil into Jersey Oil & Gas […]. I, and the entire Jersey Oil & Gas team, wish Scott all the best with his future endeavors.”