Lundin Petroleum’s board of directors has named Alex Schneiter as the company’s next president and CEO, a news release said.
The decision followed Ashley Heppenstall's decision to step down from the positions with the company. Heppenstall, who has served as president and CEO since 2002, will remain on the company’s board.
Schneiter has been executive vice president and COO of Lundin Petroleum since inception in 2001 and has in particular been instrumental in growing Lundin Petroleum's business in Norway over the last 11 years, the release said. Schneiter has been working for companies associated with the Lundin family since 1993.
Nick Walker, who recently joined the company as senior vice president development and operations, will assume the role of COO.
The changes will become effective Oct. 1, 2015.
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