Columbus Energy Resources Plc announced that James Thadchanamoorthy has informed the Board of his intention to step down from his position as Finance Director effective immediately to pursue new opportunities. The company announced the appointment of Gordon B. Stein, as Chief Financial Officer effective immediately. Mr. Stein has over 24 years of international experience in the oil and gas sector and was most recently CFO of Madagascar Oil.

Prior to this, he was CFO at Cadogan Petroleum, Vanguard Energy Limited and Regal Petroleum. Mr. Stein is a member of the Chartered Institute of Public Finance & Accountancy. Mr. Stein was appointed to the Board of Columbus Energy Resources as a Non-Executive Director on 10 January 2017 and will remain on the Board as an Executive Director, stepping down as Chairman of the Audit Committee.