Primeline Energy Holdings Inc. said April 24 that CFO Stuart Joyner informed the board he will step down, leaving the company for another opportunity. Primeline is a China-focused E&P.

The company also said Joyner will serve his three-month notice period to assist in finalizing audited accounts. After July 24, Joyner will be replaced by John Li as interim CFO until a replacement is appointed, the company also said.

Li is the CFO (China) of Beijing Chyau Fwu Properties Co. Ltd, which is owned by the family of Victor Hwang, Primeline's chairman, president, and largest shareholder, the company said. He has more than 30 years' experience working in various financial capacities for public and private companies, Primeline said. Li is a certified public accountant qualified in Hong Kong and Australia, and he earned a master's degree from Monash University in Australia, the company said.

Primeline said that previously, Li was the interim CFO of the company from May 2013 until the appointment of Joyner as CFO in November 2014. He will serve on a part-time basis on secondment from Parkview Group, the company said.