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Ophir says William Schrader to replace Nicholas Smith as chairman

January 27, 2016 at 05:24 am EST

(Reuters) - Oil and gas explorer Ophir Energy Plc (>> Ophir Energy Plc) said its Chairman Nicholas Smith will retire from April 30, and that William Schrader would replace him.

Ophir also said it appointed Chief Financial Officer Anthony Rouse as executive director.

The changes come amid a crash in the price of oil to around $30 per barrel, as the market grows jittery about oversupply.

(Reporting by Mamidipudi Soumithri in Bengaluru; Editing by Sunil Nair)

Stocks treated in this article : Ophir Energy Plc, Amec Foster Wheeler PLC

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	AMEC FOSTER WHEELER	- GBX	-.--%	+7.26%	0
	OPHIR ENERGY PLC	- GBX	-.--%	+0.17%	0

William Schrader

Presently, William George Schrader occupies the position of Non-Executive Chairman of Bahamas Petroleum Co. Plc. Mr. Schrader is also on the board of Hess Corp. and CHC Helicopters Canada, Inc. In his past career he held the position of Chairman for Ophir Energy Plc, President for Azerbaijan International Operating Co., Chief Operating Officer for RN Holding OJSC, Chief Operating Officer of Rosneft International Holdings Ltd. and Chief Operating Officer at TNK-BP Ltd. Mr. Schrader received an undergraduate degree from the University of Cincinnati (Ohio) and an MBA from the University of Houston.

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