Erin Energy makes key management changes

Erin Energy Corp. (NYSE MKT: ERN), an independent oil and gas exploration and production company focused on energy resources in Sub-Saharan Africa, has made recent changes to key executive roles within its management structure.

Segun Omidele, senior vice president of exploration and production, has been appointed COO. Omidele has been with Erin Energy since 2011 and recently led the company’s technical team in its deepwater drilling and completion campaign of the Oyo-7 and Oyo-8 wells, offshore Nigeria. Omidele has over 35 years of experience in the oil and gas industry, including 28 years with Shell Oil companies in Nigeria, the UK, and the US.

Daniel Ogbonna has been appointed senior vice president and CFO. Ogbonna was previously with CAMAC International Corp. (CI), where he served as executive vice president and chief strategy officer since 2010 and led CI’s business development and merger and acquisition (M&A) activities. At CI, he was responsible for strategic planning, financial forecasting, acquisition analysis, and securing funding for CI and its subsidiaries’ projects. Prior to his role at CI, Ogbonna held roles at Limited Brands, Deloitte Consulting, and JP Morgan Securities. He holds a Master of Business Administration degree from Harvard Business School and a Master of Science degree in mechanical engineering from the University of Michigan.

Christopher Hearne has resigned as senior vice president and CFO, effective Sept. 9. He has agreed to work with Erin Energy as a consultant to assist with the transition period.

Chris du Toit has been named vice president of corporate finance and country manager for South Africa. He has been with the company since 2014 and has led corporate finance efforts in Africa following Erin Energy’s listing on the Johannesburg Stock Exchange last year. Du Toit will be responsible for the company’s corporate finance efforts in Europe, the Middle East, and Africa. He has more than 10 years of investment banking experience in M&As, divestitures, capital-raising, and corporate advisory activities in the oil and gas industry. Prior to joining Erin Energy, he was vice president in Macquarie Capital’s resources team and was responsible for oil and gas advisory and equity capital markets in Sub-Saharan Africa.

Christopher Heath has been named vice president of corporate finance. Heath has been with the company since 2013 and has served in corporate finance and investor relations roles, and will now be responsible for Erin Energy’s corporate finance efforts in North America. He has 10 years of corporate finance experience, including M&A transactions, and seven years of investment banking experience in the oil and gas industry, and has advised on numerous capital markets transactions. Prior to joining Erin Energy, he was assistant vice president of finance at Magnum Hunter Resources, where he led investor relations for their 40 drilling partnerships.


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