Tethys Oil announced the appointment of William Holland as Chief Financial following the decision by Jesper Alm to step down.
Holland will join the company on 1 May 2019 and will work alongside Alm until 1 June 2019, after which he will assume the full responsibilities of group CFO. Alm will remain available to the company until the 30 September 2019.
Holland has over 25 years of experience in the oil and gas industry, including upstream operations, internal audit, lending, investment and independent M&A consulting. He started his career as an engineer at Halliburton before moving into upstream banking at Macquarie Bank where he provided funding and strategic advice to upstream companies across Europe, Africa, Russia and the Middle East.
Recently Holland was the founding CFO for Echo Energy where he developed the original corporate strategy and successfully led the acquisition of the asset base whilst simultaneously completing a reverse takeover on the London Stock Exchange. He holds a BEng (Mech) from Warwick University and an MBA from Heriot-Watt University.
“I’m delighted to welcome Will to Tethys Oil- he will strengthen the existing management team with his substantial industry and financial experience and will greatly contribute to the future growth of the company and bringing it to the next international level,” said Magnus Nordin, managing director of Tethys Oil.
“I would also like to thank Jesper for his major efforts and dedicated work. Jesper has been a key member of our management team for five years and has been instrumental in taking the company to where it is today.”