The Board of Venture Production announces that Marie-Louise Clayton, Finance Director, has today given notice of her resignation in order to develop her career outside the Group. It is currently envisaged that Marie-Louise will leave by November 2007 and the recruitment of her replacement will begin immediately.
Commenting today, Mike Wagstaff, Chief Executive of Venture, said:
'Marie-Louise has made a substantial contribution to Venture since joining the Company in February 2005. She has been an integral part of the Venture management team, which has delivered real growth over the last two and a half years. The Company is now in a very strong financial position and recently announced record operating and financial performance for 2006.
The Board wishes Marie-Louise every success in her future career and look forward to working with her on an orderly transition.'
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