We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
RSS FeedPeople Management

Magnolia Petroleum appoints new CFO

Oliver Rigby named as new finance chief at oil & gas firm

Article comments

Oil and gas exploration and production (E&P) company Magnolia Petroleum has named Oliver Rigby as its new CFO.

In a statement, the London-listed US onshore E&P firm said the appointment would take effect by or before 30 April 2013 at the very latest. Rigby has extensive experience as a corporate financier including work for global advisory firm Deloitte where he advised small and mid-cap companies on initial public offerings, mergers and acquisitions and secondary fundraisings.

Previously, Rigby was a director of corporate finance at Daniel Stewart & Company from 2006 to 2012 where he worked with a number of AiM companies, including Magnolia.

Commenting on the appointment Magnolia COO, Rita Whittington said, "We are delighted to welcome Oliver Rigby to the Magnolia team. Having worked closely with him on our admission to AIM in 2011, Rigby’s close understanding of our Company and business model coupled with his extensive corporate finance experience makes him a valuable addition to our team."

Magnolia said it had agreed to grant Oliver 1,754,386 share options, exercisable at 2.85 pence per share, being the closing mid-market price on 23 January 2013, under a company share option scheme. The options vest after 12 months and are thereafter exercisable for a period of four years subject to the terms of the scheme.


Recommended Articles


Magnolia Petroleum appoints new CFO
People Management

Personal branding - A headhunter's perspective

Personal branding - A headhunter's perspective

'If you don't have honesty and integrity you will get found out'more ..

Aviva goes 'digital first' with new CDO appointment

Andrew Brem's chief digital officer appointment comes two months after Phil Pavitt left insurer to take up Global CIO role at Specsaversmore ..

Microsoft's former boss Steve Ballmer steps down

The former CEO cited a busy schedule, particularly involving his LA Clippers basketball team, for his resignationmore ..

Unemployment rate hits 6-year low

But wage growth plunges to 0.2% on a year agomore ..

The benefits of being a non-executive

Look for a non-executive when appointing peersmore ..

If you are still thinking about flexible working, it's too late

OPINION: Tips from an experienced chief security officer on how best to enable flexible workingmore ..

Send to a friend

Email this article to a friend or colleague:

PLEASE NOTE: Your name is used only to let the recipient know who sent the story, and in case of transmission error. Both your name and the recipient's name and address will not be used for any other purpose.

In Depth
Can finance rise to the challenge of major transformation?

Can finance rise to the challenge of major transformation?

Outdated finance processes, systems and competencies leave too many questions unanswered more ..

In Depth
Interim CFO or consultant? The pros and cons

Interim CFO or consultant? The pros and cons

Ed Harding offers an insight into the life of an interim CFO and the advantages in driving transformation more ..


* *