LGO Energy plc announced that Neil Ritson is stepping down from his role of Chairman and Chief Executive Officer. The company appointed Leo Willem Koot as Executive Chairman effective immediately. Leo Koot's has run oil and energy businesses as well as been an active board member, most recently with AIM listed Sterling Energy PLC as Senior Independent Non-Executive Director.

Leo's global energy experience includes his role as Managing Partner of MENA Gulf Investment Partners (Abu Dhabi), President of Abu Dhabi National Energy Company (TAQA) and Managing Director of TAQA UK. Neil Ritson will remain available as a Senior Advisor to the LGO Board for a period of at least 12 months.