Baron Oil Plc announced further to the company's announcement on 15 March 2024, the company provided a further update regarding the changes to the company's board of directors. John Wakefield has stepped down as chairman of the board with effect from 22 April 2024 and Gerry Aherne has now been appointed to the Board as the company?s new independent non-executive chairman with immediate effect. Jon Ford, Technical Director for Baron, has elected to step down from the Board at the end of April 2024.

Jon will be retained by the company in a part-time consultancy role to act as a technical adviser. Dr. John Chessher has joined the board as an independent non-executive director with immediate effect. Gerry Aherne has a wealth of career experience in insurance and financial markets, having been a founding director of PRI Group plc, a directors' and officers' liability insurer, and having held non-executive directorships with Henderson Group plc, Mecom Group plc, Omnis Investments Ltd. and Iveagh Ltd. He was Investment Director at Schroder Investment Management for 16 years, managing pension funds and unit trusts, Chairman of Electric & General Investment Trust plc, and also Chairman of Cenkos Securities plc from 2012 to 2018.

He is currently Managing Partner of Javelin Capital Partners LLP. Dr. John Chessher is a highly experienced investment industry professional who has held CEO and director-level positions at leading asset management and investment banking firms. John has extensive knowledge and experience of corporate research and capital raising, including as CEO of Cenkos Securities Asia and Head of Asia Pacific Research at Schroder Investment Management. He holds an MA in Engineering Science from Oxford University and DBA, MSc and MBA qualifications from Henley Business School.

He is a CFA charter-holder and currently combines non-executive and advisory roles with his position as a lecturer at Henley Business School.