Plus   Neg

Range Resources CFO Nick Beattie Resigns; Names Acting CFO; Stock Dips

Range Resources Ltd. (RRL.L), an oil and gas company with oilfield service businesses in Trinidad and Indonesia, Monday announced that Nick Beattie has tendered his resignation as Chief Financial Officer and Joint Company Secretary to pursue other career opportunities. The shares were down around 29 percent in the morning trading in London.

The company said it will consider a successor CFO in due course however, in the meanwhile, Theo Eleftheriades, the Group Financial Controller, will assume the role of Acting CFO following Beattie's departure.

Beattie has agreed to stay with Range until April 1, 2019 to support an orderly transition and the Company will be releasing its half-yearly report as scheduled on March 15.

Evgenia Bezruchko, the Group Corporate Development Manager, will assume the role of Joint Company Secretary with effect from April 1, 2019.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Shares of Biogen Inc. are falling almost 28 percent in Thursday's trading after the company and Japanese drugmaker Eisai Co. said they will discontinue two late-stage trials for their experimental Alzheimer's drug, Aducanumab. The two Phase 3 trials, ENGAGE and EMERGE, are multi-center, randomized, double-blind, placebo-controlled, parallel-group studies designed to evaluate Aducanumab. The European Union on Wednesday ordered Alphabet Inc.'s Google to pay an antitrust fine of 1.49 billion euros for abusing its dominant position in the online search advertising intermediation market by preventing competition. This is the third antitrust fine by the EU against Google and it represents 1.29 percent of the tech giant's turnover in 2018. Shares of BMW Group declined around 5 percent in German trading after the auto giant reported Wednesday weak profit in its fiscal year 2018, despite a 0.1 percent growth in Automotive revenues with higher deliveries. Looking ahead for fiscal 2019, the company expects Group profit before tax will be well below the previous year's level. BMW said it is confident of volume growth in Automotive unit.
Follow RTT