TomCo Energy plc announces the following Board changes in line with the corporate restructuring plan announced on 29 May 2015. Sir Nicholas Bonsor and Paul Rankine have today resigned as directors of TomCo with immediate effect. Paul will continue to act as a technical consultant to TomCo on expiry of his notice period. In addition, Andrew Jones and Simon Corney have today joined the board as Non-Executive Chairman and Non-Executive Director respectively.
Simon Corney was previously a partner at Altima Partners, a significant shareholder in TomCo, from 2004 to 2011. Before then he worked at Deutsche Bank within the investment banking division and at Shell, including on oil and gas acquisitions. Since leaving Altima Partners he has been working as a consultant, including for Altima Partners and Dominic Redfern
Andrew Jones has previously founded and developed a number of companies within the media and technology sectors. He has a background in corporate finance and was proposed by Kenglo One, TomCo's largest shareholder.
The Board would like to thank Paul and Sir Nicholas for their contribution to the Company during their service.